The Revolut began to offer the EURR, its first euro-pegged stablecoin, for eligible customers in Denmark, Poland and Portugal.
The first phase should involve about 2 million customers. The fintech plans to take the product to other European Economic Area countries still in 2026, depending on regulatory, operational and product conditions.
EURR debuts on Ethereum
The EURR was integrated into the Revolut app and was designed to maintain the value of €1. Initially, the asset will be made available on the Ethereum network, with support for other blockchains planned as the product is expanded.
The company also plans to allow transfers to external wallets. The feature will initially be available to certain customers and will be expanded as the token's liquidity increases.
The stablecoin is issued by Bridge Building S.A., an entity based in Luxembourg belonging to Bridge, a stablecoin infrastructure company acquired by Stripe. The offering to customers is made by Revolut Digital Assets Europe.
The structure follows the rules of MiCA, the European Union's regulatory framework for the crypto-asset market. The reserves backing the EURR are held and managed by Bridge.
Revolut prepares stablecoins in other currencies
The EURR represents the first step in a broader Revolut strategy for stablecoins. The company said it is already working on the development of tokens denominated in other currencies, through separate regulatory processes.
The company did not disclose which currencies are being considered.
With the EURR, Revolut aims to offer European customers a blockchain-based option directly linked to the euro, without requiring prior conversion to dollar-denominated stablecoins.
The expansion to other countries in the European Economic Area is expected to take place gradually throughout 2026.
