Revolut launches Euro-backed stablecoin EURR in Denmark, Poland and Portugal

Revolut began rolling out EURR, its first Euro-backed stablecoin, to eligible customers in Denmark, Poland and Portugal on Aug. 26, 2026, with a wider rollout across the European Economic Area planned later this year.

EURR is issued by Bridge Building S.A., the Luxembourg-based entity of Bridge, the stablecoin infrastructure company acquired by Stripe in 2025. The token is designed to maintain a one-to-one value with the euro and is backed by reserves managed by the issuer under applicable Markets in Crypto-Assets (MiCA) requirements.

Revolut targets millions of customers with EURR

The initial market selection gives Revolut access to a sizeable customer base. A company spokesperson told Cointelegraph that Denmark, Poland and Portugal were chosen partly because of their market size, with roughly 2 million customers expected to be involved in the first phase.

The strategy goes beyond simply adding another cryptocurrency to Revolut’s trading menu. The Euro-backed stablecoin is being built directly into the company’s retail app, allowing eligible users to access a euro-denominated on-chain asset without leaving the Revolut ecosystem.

Emil Urmanshin, Revolut’s head of crypto and new bets, said the launch connects the company’s customer base with on-chain finance while combining its banking infrastructure with access to digital assets.

That positioning is important because stablecoins increasingly serve as infrastructure for crypto trading, settlement and cross-border transfers rather than simply speculative assets. Revolut said EURR could eventually support use cases spanning international transfers, business transactions and settlement.

The company has more than 80 million retail customers globally, according to its announcement, giving the rollout potentially significant distribution if the token reaches the wider EEA.

EURR starts on Ethereum with external wallets in sight

EURR will initially launch on Ethereum as Revolut begins its phased deployment. The company also plans to support the token across multiple blockchain networks, potentially giving customers greater flexibility in how they move and use their euro-denominated assets.

External wallet transfers are also part of the rollout. Revolut said the feature will initially be available to selected customers, with broader access expected as liquidity develops.

That interoperability could become one of the most important aspects of the Euro-backed stablecoin. Rather than keeping EURR entirely within Revolut’s closed environment, the company is positioning it as an on-chain asset capable of moving between the Revolut ecosystem and external blockchain wallets.

Revolut said its existing cryptocurrency trading and remittance limits will apply to EURR. At the same time, fiat transactions involving the token will carry no fees or spreads under the launch terms.

Bridge is providing the regulated issuance infrastructure. Its Luxembourg entity, Bridge Building S.A., holds MiCA-related authorisations from the Commission de Surveillance du Secteur Financier (CSSF), including crypto-asset service provider and electronic money institution licences.

MiCA compliance reshapes Revolut’s stablecoin strategy

The timing of the launch is particularly notable because Revolut is simultaneously removing Tether’s USDT from its EEA and Swiss offerings.

Revolut previously announced that customers in the affected markets would lose USDT support by Aug. 31, 2026. Any remaining USDT balances after the deadline would be automatically converted into customers’ base currencies. The company cited regulatory and risk considerations linked to the evolving European framework.

That makes EURR more than a new crypto listing. It gives Revolut a regulated euro-denominated alternative as the company adjusts its stablecoin offering to Europe’s regulatory environment.

The Euro-backed stablecoin is structured as an e-money token under the European framework, with the issuer responsible for maintaining the token’s backing and redemption arrangements. However, EURR should not be confused with a conventional bank deposit: Revolut’s launch materials explicitly state that holding the token does not provide the protections associated with deposit-guarantee schemes.

The broader European market is also becoming increasingly competitive for compliant euro stablecoins. Data cited by Cointelegraph in July showed that the combined market capitalization of eight MiCA-compliant euro stablecoins had risen substantially ahead of the end of the EU’s crypto regulatory transition period.

Revolut signals a wider stablecoin expansion

Revolut is presenting EURR as the opening move in a much larger stablecoin strategy rather than a one-off product.

The company said it is already developing stablecoins denominated in other currencies, although it has not disclosed which currencies will come next. Those products would be pursued through separate regulatory pathways, suggesting Revolut intends to tailor future tokens to the legal requirements of individual markets.

For Bridge, the deal also represents a major distribution opportunity following Stripe’s acquisition of the company. Bridge has positioned itself as infrastructure for businesses seeking to issue, move and manage stablecoins across different markets.

Mai Leduc Blount, Bridge’s head of product, said the company’s MiCA and electronic-money authorisations provide a regulatory foundation for businesses building euro-denominated payment rails.

For Revolut, meanwhile, EURR could become a central component of its attempt to make blockchain finance feel less separate from everyday banking.

The Euro-backed stablecoin begins with three countries and Ethereum, but the company’s roadmap points toward a broader EEA deployment, additional blockchains, external-wallet functionality and potentially more currency-denominated tokens.

If Revolut can successfully move EURR from a limited rollout into a widely used payment and settlement instrument, the Euro-backed stablecoin could give the fintech a much larger role in Europe’s rapidly developing regulated digital-money market.