Revolut launched EURR, its first euro-backed stablecoin, for selected customers in Denmark, Poland and Portugal on Aug. 26. The token is issued by Bridge Building S.A. a Luxembourg-registered entity and subsidiary of Bridge, which Stripe acquired for $1.1 billion in February 2025.
EURR is designed to maintain a fixed €1 value and is pegged to the euro under Europe's Markets in Crypto Assets (MiCA) regulation. The token is classified as an e-money token and is redeemable at par through Bridge Building S.A. subject to the issuer's onboarding and compliance checks. It does not carry protections of a traditional bank deposit.
Revolut Digital Assets Europe, the neobank's regulated crypto unit, distributes EURR to customers. The entity holds MiCA authorization from the Cyprus Securities and Exchange Commission. At launch, EURR is available exclusively on Ethereum, with plans for expansion to multiple blockchains as liquidity grows.
Revolut plans to allow customers to move EURR into external compatible wallets—a feature already available for USDT holders. That capability will first roll out to a limited group before broader access as liquidity increases. Fiat conversions into EURR will incur no spreads or fees. Existing crypto trading and remittance limits apply to EURR transactions.
The launch coincides with Revolut's phase-out of Tether's USDT for European customers. The neobank stopped accepting new USDT purchases on July 6 and gave existing USDT holders until Aug. 31 to sell, withdraw or transfer their holdings.
Revolut serves more than 80 million retail customers and more than 16 million crypto users. The staggered rollout reflects the company's focus on testing distribution, liquidity and operational readiness ahead of wider availability in other European Economic Area markets later this year.
