Revolut has introduced its first euro-pegged stablecoin, EURR, to customers in Denmark, Poland, and Portugal, with plans for a broader EEA rollout. The move comes as the company phases out Tether in the region and adapts to new EU crypto rules
Revolut has begun offering its first euro-pegged stablecoin, EURR, to retail customers in Denmark, Poland, and Portugal, marking a significant step in the company's digital asset strategy. The initial rollout, confirmed on August 26, covers approximately 2 million users across the three European Economic Area (EEA) countries. The stablecoin is issued by Bridge Building S.A., a Luxembourg-based subsidiary of Bridge Company, which is owned by Stripe. Revolut Digital Assets Europe is responsible for distributing EURR through the company's retail app.
Stablecoin Structure and Regulation
EURR is designed as a fiat-backed stablecoin, pegged 1:1 to the euro and supported by euro-denominated reserves managed by Bridge Company. According to Revolut, these reserves are held in compliance with the European Union's Markets in Crypto-Assets (MiCA) regulatory framework, which sets standards for stablecoin issuance, reserve management, and consumer protection within the EU. The token is initially available on the Ethereum blockchain, with external wallet transfers enabled for a subset of users and broader access planned as liquidity develops. Fiat transactions involving EURR will not incur additional fees or spreads, but Revolut's standard crypto trading and remittance limits remain in effect.
Market Expansion and Product Roadmap
The choice of Denmark, Poland, and Portugal for the initial launch was based on market size and operational readiness, according to a Revolut spokesperson. The company plans to expand EURR to additional EEA markets later in 2026, contingent on regulatory clearance and product development. The launch also coincides with Revolut's decision to remove Tether (USDT) from its offerings in the EEA and Switzerland. Customers in those regions holding USDT will have their balances converted to their base currencies after August 31, 2026. This shift reflects a broader trend among payment and fintech companies to adapt their stablecoin offerings in response to evolving European regulations and market dynamics. For context, Visa recently expanded its stablecoin payout capabilities to 195 countries, as detailed in this coverage of Visa's global stablecoin integration.
Future Developments and Network Support
Revolut describes EURR as the first step in a larger stablecoin initiative. The company is developing additional tokens pegged to other fiat currencies, though it has not disclosed which currencies are under consideration. Support for blockchain networks beyond Ethereum is also planned, but no specific timelines have been announced. The company's approach suggests a focus on regulatory compliance, operational scalability, and integration with existing payment infrastructure as it expands its digital asset product suite.
As of August 2026, the total supply and market capitalization of EURR have not been publicly disclosed by Revolut or Bridge Company. The stablecoin's reserves are reportedly held in euro-denominated assets, with oversight structured to meet MiCA requirements. The removal of Tether (USDT) from Revolut's EEA and Swiss platforms is scheduled for completion by the end of August 2026, affecting users' ability to hold or transact in USDT through the app.
Stablecoins like EURR are designed to maintain a fixed value relative to a reference currency, in this case the euro, by holding reserves in traditional financial instruments. While fiat-backed stablecoins are generally considered less volatile than algorithmic or crypto-collateralized alternatives, they still carry risks related to reserve management, regulatory changes, and counterparty exposure. The introduction of MiCA in the EU has prompted issuers and platforms to adjust their products and compliance practices, with implications for liquidity, user access, and cross-border payments. As stablecoin adoption grows, users should remain attentive to evolving regulatory standards, redemption conditions, and the transparency of reserve disclosures.
