Revolut

Fintech · Stablecoins · Crypto

Launch

Revolut rolls out EURR euro stablecoin, pulling USDT from Europe

The token's reserves and redemption obligations sit with a Stripe-owned issuer, not with Revolut itself.

• Revolut began a phased rollout of EURR, a euro-pegged stablecoin, to roughly 2 million customers in Denmark, Poland and Portugal on August 26, 2026, with wider EEA availability planned later this year.
• Revolut has over 80 million retail customers and more than 16 million who already use its crypto services, giving EURR a distribution reach no euro stablecoin has previously had.
• EURR is legally issued by Bridge Building S.A., a Luxembourg entity owned by Stripe's stablecoin unit Bridge, which holds the reserves and the redemption obligation; Revolut only distributes it through a CySEC-licensed subsidiary.
• The token launches on Ethereum and Polygon, with Solana, Arbitrum, Optimism, Avalanche, Injective, TON and Sui planned, and carries no fee or spread on euro-to-EURR conversions.
• EURR arrives days before Revolut fully removes Tether's USDT from the EEA and Switzerland on August 31, since Tether never sought MiCA authorization and became a compliance liability for licensed platforms.
• At launch, Bridge's reserve page showed just 374 EURR in circulation backed by 374 euros in cash deposits, underscoring how early-stage the token is despite Revolut's scale.
• The launch comes as the ECB's Christine Lagarde has warned euro stablecoins pose structural risks to bank deposits and monetary policy, even as dollar tokens still make up about 98% of the $317 billion stablecoin market.
• By pairing EURR with USDT's exit, Revolut converts a regulatory mandate into a captive on-ramp, testing whether a mainstream banking app can seed adoption for a euro-denominated on-chain asset where crypto-native issuers have struggled.