Revolut begins rolling out euro stablecoin EURR to selected customers
The phased rollout starts in Denmark, Poland and Portugal, with EURR issued by Bridge and designed to move between fiat, crypto, external wallets and supported networks.
By The Third AnglePublished Updated 3 min read
Illustrative payments imagery; it does not depict Revolut's EURR stablecoin or its rollout. Photo: Unsplash · Unsplash License
Revolut has started a phased rollout of EURR, a euro-denominated stablecoin, to selected customers in Denmark, Poland and Portugal, according to a current CoinDesk report. The launch puts a banking app's existing customer distribution in front of a stablecoin designed to move between fiat, crypto, external wallets and supported blockchain networks.
Revolut's first-party announcement describes EURR as issued by Bridge Building, a Stripe company, and says wider availability is expected later this year. The announcement was published Aug. 7 and described phased testing from that month; the current report identifies the first customer markets now being rolled out.
A current Decrypt report adds that Bridge Building is licensed in Luxembourg as both a crypto-asset service provider and electronic-money institution, while Bridge holds and manages EURR's reserves. Revolut distributes the token through a Cyprus-regulated subsidiary licensed under MiCA. Emil Urmanshin, the company's head of crypto and new bets, said EURR was intended to connect Revolut's customer base to on-chain finance.
The latest supply snapshot is small: Bridge reported 374 EURR in circulation and €374 in reserve assets as of Aug. 25, with the backing held as cash deposits in credit institutions, The Defiant reported. Bridge identifies Ethereum and Polygon as EURR networks. That figure describes the reported snapshot, not the size of Revolut's customer rollout.
What EURR changes for users
Revolut says eligible customers will be able to use EURR as an on-chain option for moving between euros, crypto, external wallets and supported networks. That makes the product an access and settlement rail inside an app many customers already use, rather than a new standalone exchange.
The initial rollout is limited. Eligibility is tied to customer location and the company's phased testing, and the first-party announcement does not establish that EURR is available throughout the European Economic Area or on every blockchain. A stablecoin balance also carries issuer, wallet, redemption and network risks that are separate from the Revolut app itself.
A product rollout, not a new euro
EURR is designed to maintain a value of €1, but that target is a product characteristic, not a guarantee that users can always redeem at that price under every market condition. The current material does not establish the token's reserve composition, redemption timetable or all of the legal rights attached to a holder.
The supportable development is narrower and more useful: Revolut is testing a euro stablecoin with a selected customer base and a path to external-wallet use. The next milestones are wider availability, published reserve and redemption details, and evidence of how the token works across the supported networks.
