Revolut, the UK-based fintech company has begun distributing its first-ever stablecoin to a small group of customers. The digital token, named EURR, is pegged to the euro and has been launched on a test basis for some of the firm’s clients in Denmark, Poland and Portugal.
The token is issued by Stripe-owned infrastructure provider Bridge and is set to be opened up to a wider audience of the European Economic Area later this year, subject to regulatory and operational approvals. The stablecoin is designed to work across multiple blockchain networks and is compatible with external wallets, marking Revolut’s first step towards a broader stablecoin initiative it has been gradually building towards.
We’re rolling out EURR, our first euro-backed stablecoin, in the Revolut app. pic.twitter.com/UVcns1mytF
— Revolut (@Revolut) August 26, 2026
Prior to this, it is worth noting that Revolut has carved out its reputation as a neobank offering multi-currency accounts, budgeting, stock trading and crypto services within one consolidated fintech app, competing directly with legacy banks on lower fees and faster innovation cycles. It makes money from subscriptions, card interchange revenues and an growing array of crypto and trading services, which are layered on top of its core banking offering.
Bridge, meanwhile, acts as a stablecoin infrastructure provider for other firms, enabling them to issue and manage dollar- or euro-backed tokens without having to build their own compliance and settlement infrastructure. This model helped Stripe acquire the company last year.
As for how EURR actually functions, the token is issued through Bridge Building S.A., a Luxembourg-registered arm of Bridge, and will be woven directly into Revolut’s existing retail app rather than sitting off to the side as a separate product. The company confirmed plans to eventually let users move EURR onto multiple blockchains and send it to wallets outside Revolut’s own ecosystem.
This rollout also carries regulatory weight, since EURR is structured to comply with the EU’s Markets in Crypto-Assets framework, arriving right as Revolut phases out Tether’s USDt across the EEA and Switzerland, with remaining USDT balances set for conversion into customers’ local currencies after the end of August.
Why these three countries first? A company spokesperson told reporters that Denmark, Poland and Portugal were chosen based on market size, with roughly two million customers falling into the initial rollout group.
The token will launch on Ethereum to start, and while external wallet transfers will be available right away for some customers, that access will widen as liquidity across the network builds up.
Standard crypto trading and remittance limits will still apply, though fiat-side transactions won’t carry any fees or spread costs, a detail likely to appeal to cost-conscious users moving money across borders.
Backing for EURR comes from reserves that Bridge holds and manages under MiCA-compliant rules, with the token designed to consistently track the value of one euro.
Revolut Digital Assets Europe is the entity offering the product to customers. Revolut has been clear that EURR is just the opening chapter of a wider currency strategy, noting it’s already working on tokens pegged to other currencies through separate regulatory channels, though it hasn’t named which ones yet.
This move lands at an interesting moment for stablecoin competition more broadly. While dollar-pegged tokens still dominate trading volume, and platforms like Hyperliquid continue to demonstrate just how central stablecoins have become to fast-moving derivatives and perpetual futures markets, euro-denominated alternatives like EURR are carving out a distinct lane focused on everyday retail use and regulatory alignment rather than pure trading velocity.
As more fintechs experiment with region-specific, compliant stablecoins, Revolut’s early move could set a template other European neobanks look to follow.
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