Revolut has started offering EURR, its first stablecoin, to eligible customers in Denmark, Poland and Portugal, with a broader launch across the European Economic Area planned later this year. The euro-pegged token is designed to maintain a fixed value of €1.

The launch comes as the fintech completes the removal of Tether’s USDt from its European retail offering. Revolut said EURR gives users an on-chain euro option at a time when most stablecoins remain tied to the US dollar.

How EURR is being issued and distributed

EURR is issued by Bridge Building S.A., the Luxembourg unit of Bridge, the stablecoin infrastructure firm acquired by Stripe for $1.1 billion in February 2025. Bridge Building holds both an Electronic Money Institution licence and authorisation under the EU’s Markets in Crypto-Assets framework from Luxembourg’s CSSF, allowing it to issue e-money tokens across the EEA.

Distribution is handled by Revolut Digital Assets Europe Ltd, Revolut’s regulated crypto division. That entity operates under its own MiCA licence granted by the Cyprus Securities and Exchange Commission.

Launch plan and product scope

At launch, EURR is available on Ethereum. Revolut said support for additional blockchain networks will be added later, along with transfers to external wallets.

The company described the token as the first step in a wider stablecoin push. It said tokens linked to other currencies are already in development through separate regulatory pathways, but it did not specify which currencies are being considered.

Tether withdrawal sets the backdrop

The rollout is taking place as Revolut finishes a phased exit from USDt in Europe. The company is set to remove Tether’s stablecoin from its European retail product by August 31, after first freezing purchases in July and then blocking deposits later in the month.

Tether has not sought MiCA authorisation, and the regime’s reserve requirements have effectively pushed EEA platforms to delist stablecoins that do not have a licensed issuer. Revolut is among the last large European platforms to complete that shift, following moves by Coinbase, Crypto.com, Kraken and OKX over the previous eighteen months.

Why the launch matters

Revolut is entering a euro stablecoin market that already includes products from Circle, Banking Circle and AllUnity, as well as Qivalis, a token backed by a consortium of 37 European banks. Even so, euro-denominated stablecoins remain a small part of the wider sector, which is still overwhelmingly dominated by dollar-pegged supply.

What sets Revolut apart is its existing reach. With more than 80 million customers already using its app and holding euro balances, the company can place a regulated euro stablecoin directly into a mainstream financial platform rather than relying solely on crypto-native distribution.

Revolut has pointed to uses beyond trading, including cross-border transfers, business payments and settlement. The next confirmed step is an expansion beyond the initial three markets later this year, which will help show whether EURR can gain meaningful liquidity in a market still led by dollar-based tokens.

Source: www.blockhead.co