Revolut has begun rolling out EURR, its euro-pegged stablecoin, to eligible customers in Denmark, Poland and Portugal. The token maintains a €1 peg and marks Revolut's entry into the stablecoin market. A wider rollout across the European Economic Area is planned later this year.
Bridge Building S.A. the Luxembourg-based entity of Stripe-owned stablecoin infrastructure firm Bridge, issues EURR. Stripe acquired Bridge for $1.1 billion in February 2025. Bridge Building holds an Electronic Money Institution license and Markets in Crypto-Assets authorization from Luxembourg's CSSF, providing legal standing to issue e-money tokens throughout the EEA.
Revolut Digital Assets Europe Ltd, the fintech's regulated crypto arm, manages distribution under its own MiCA license from the Cyprus Securities and Exchange Commission. The dual licensing structure ensures compliance with European digital asset regulations for both issuance and distribution.
EURR launches on Ethereum. Revolut stated that support for additional blockchain networks and external wallet transfers will follow. Stablecoins tied to other currencies are in development through separate regulatory pathways, though specific currencies were not named.
The launch aligns with Revolut's removal of Tether's USDt from its European retail offerings, with complete withdrawal by August 31. A purchase freeze began in July, followed by a deposit block later that month. Tether has not sought MiCA authorization, which mandates specific reserve rules for stablecoin issuers in the EEA.
Revolut joins other major European platforms in delisting USDt. Coinbase, Crypto.com, Kraken and OKX have already removed or restricted USDt trading pairs in response to MiCA requirements over the preceding 18 months.
Revolut enters a competitive market that includes Circle, Banking Circle, AllUnity and Qivalis, a euro stablecoin backed by a consortium of 37 European banks. Revolut's primary differentiator is its distribution network: the platform can directly offer EURR to its more than 80 million existing customers, many of whom already hold euro balances within the app.
