Revolut Launches Euro-Pegged EURR Stablecoin With Plans for More Currency Tokens in 2026

Revolut has officially entered the stablecoin market with EURR, a euro-backed digital token that connects its millions of customers to on-chain payments and crypto transfers.

The token is now available to eligible users through the Revolut app and Revolut X, starting in Denmark, Poland and Portugal.

While Revolut distributes the stablecoin under its own branding, the token is legally issued and backed by Stripe-owned Bridge under the European Union's Markets in Crypto-Assets (MiCA) framework.

Who Issues EURR and How Is It Regulated

EURR is issued by Luxembourg-based Bridge Building S.A., not Revolut itself.

Bridge operates as an electronic money institution and a crypto-asset service provider under licences granted by Luxembourg's financial regulator, the Commission de Surveillance du Secteur Financier (CSSF).

Revolut Digital Assets Europe Ltd is listed as the sole distributor of EURR in the MiCA white paper.

Customers access the token through Revolut's retail app and Revolut X, where it appears as Revolut Euro.

Bridge became part of Stripe after the payments giant completed its acquisition of the stablecoin infrastructure company in February 2025, following a deal valued at $1.1 billion announced in 2024.

EURR Debuts With Just 374 Tokens in Circulation

EURR has gone live, but its initial supply remains extremely small.

Bridge's reserve dashboard, last updated on Tuesday evening, showed just 374 EURR tokens in circulation, backed by exactly €374 ($439) held in cash reserves.

The reserves consist entirely of cash deposits at credit institutions, with no allocation to highly liquid financial instruments.

The token is currently available on Ethereum and Polygon.

However, Bridge's white paper outlines plans to expand support to Solana, Arbitrum, Optimism, Avalanche, Injective, TON and Sui.

There is no maximum supply for EURR.

New tokens will only be issued when customers create demand, with Bridge required to hold one euro or an equivalent value in euro-denominated assets for every token in circulation.

Revolut Plans a Wider Stablecoin Rollout Across Europe

Revolut described EURR as the first product in a broader stablecoin strategy that will eventually include tokens linked to other currencies.

The company plans to expand EURR availability across more European Economic Area markets later in 2026.

Within the Revolut app, customers will be able to move between euros and crypto assets directly on-chain.

Iman Olya, Revolut's product owner of Stablecoin,

“Revolut initially eliminated hidden fees and friction in currency exchange. Now we are doing the exact same thing for crypto.”

Emil Urmanshin, Revolut's head of crypto and new bets, said,

“EURR connects 80 million Revolut customers directly to on-chain finance. By combining our global scale and licensed banking infrastructure with instant euro denominated access to the crypto ecosystem, we are unlocking real-world stablecoin utility that no traditional bank or crypto native can match.”

Redemption Rules and Customer Protections

EURR is designed to maintain a value of €1.00 and is fully backed by reserves managed by Bridge.

Holders have a legal claim against Bridge and can redeem EURR for euros at face value without paying a redemption fee.

To redeem, users must complete compliance checks and provide a valid IBAN-linked bank account within the European Economic Area.

Bridge says redeemed funds will be transferred within two business days.

The stablecoin does not pay interest to holders, even if Bridge earns returns from reserve assets.

Bridge also retains the authority to freeze wallet addresses linked to suspected illegal activity or when required by regulators or law enforcement.

The MiCA white paper states that an independent accounting firm will verify every month that reserves equal or exceed the number of EURR tokens in circulation across the European Economic Area.

However, the document does not identify the auditing firm.

EURR Enters a Crowded Stablecoin Market

EURR arrives well behind established euro stablecoins already operating under MiCA rules.

Circle's EURC, launched in June 2022, had €403.1 million ($470.1 million) in circulation on 20 August 2026 across Avalanche, Base, Ethereum, Solana and Stellar.

That figure is more than one million times larger than EURR's reported supply during its first week of public availability.

Germany-based AllUnity also entered the market in July 2025 with EURAU after receiving an electronic money institution licence from BaFin.

Another project, Qivalis, said 37 European banks, including BNP Paribas, ING, UniCredit and BBVA, have joined its euro stablecoin initiative, with a launch planned for the second half of 2026 pending approval from the Dutch central bank.

Despite growing interest from banks and payment companies, euro-backed stablecoins remain a small part of the overall stablecoin market.

Stablecoins Become a Bigger Focus for Payment Firms

Revolut joins a growing list of financial companies introducing stablecoins as digital payments become more integrated with traditional finance.

Companies including Visa, Klarna and several global banks have announced their own stablecoin initiatives over the past year, targeting cross-border payments, business transactions and faster settlement.

At the same time, market growth has slowed in 2026.

Data from DefiLlama shows the combined market value of stablecoins has largely plateaued after several years of rapid expansion, while Visa's transaction data also points to slower usage growth compared with the surge seen since mid-2023.

Tether's USDT and Circle's USDC continue to dominate the market, accounting for around 85% of all stablecoins in circulation.

EURR is Revolut's first attempt to compete in the much smaller euro-backed stablecoin segment while connecting regulated digital euros with its existing customer base.