Revolut has officially entered the stablecoin market with the launch of EURR, a euro-pegged digital currency initially available to eligible users in Denmark, Poland and Portugal, with expansion across the European Economic Area planned later in 2026.
The stablecoin is designed to maintain a 1:1 value with the euro and is issued by Bridge Building S.A., the Luxembourg-based entity of stablecoin infrastructure company Bridge, which Stripe acquired for $1.1 billion in February 2025. Reserves are held and managed by Bridge under the European Union’s Markets in Crypto-Assets regulation, and EURR is classified as a euro-pegged e-money token.
At launch, EURR runs on Ethereum, with Revolut planning support across multiple blockchain networks and external wallet transfers as distribution and liquidity build. Revolut said fiat transactions will not carry spreads or fees, and existing crypto trading and remittance limits will apply.
Emil Urmanshin, Revolut’s head of crypto, said the token connects the company’s 80 million customers with onchain finance by combining banking infrastructure with euro-denominated access to crypto markets. Revolut Digital Assets Europe, authorized under MiCA through the Cyprus Securities and Exchange Commission, is offering EURR to customers.
The rollout comes as Revolut removes Tether’s USDT from eligible accounts in the EEA and Switzerland under EU stablecoin rules. Purchases of USDT stopped on July 6, and existing holders have until Aug. 31 to sell, withdraw or transfer their tokens before remaining balances are converted into base currencies.
Revolut described EURR as the first part of a multi-currency stablecoin plan, with additional fiat-denominated tokens being developed under separate regulatory routes. The launch follows Revolut’s expansion of its crypto and banking operations, including a $115 billion valuation in a July employee share sale and reported revenue of $6 billion in 2025.
