Revolut has started a phased release of its first stablecoin, the euro-pegged EURR, offering it initially to selected customers in Denmark, Poland and Portugal. The company said the token will be introduced more broadly across the European Economic Area later this year, but only if product, operational and regulatory conditions are in place.

The launch gives Revolut a MiCA-compliant euro stablecoin at a time when the company is removing Tether’s USDt from the EEA and Switzerland. EURR is being offered by Revolut Digital Assets Europe and is issued by Bridge Building S.A., Bridge’s Luxembourg-based entity.

Initial launch focused on three countries

For now, access to EURR is limited. Revolut has begun with selected users in the three launch markets rather than opening the token to all customers at once. The company described the rollout as phased, indicating that broader availability will depend on readiness across several areas rather than a fixed expansion schedule.

Revolut said other EEA markets are planned for later in 2026, subject to product, operational and regulatory readiness. That means the wider launch remains conditional, even though the company has already started distribution in its first group of countries.

Ethereum first, with wallet transfers for some users

EURR is set to debut on Ethereum before expanding to additional blockchain networks. Revolut said the stablecoin will be integrated into its retail app and that support for multiple chains is part of its plan, though no further network timeline was provided in the source material.

Transfers to external wallets will be available for select customers at the outset. Broader wallet transfer access is expected as liquidity develops. Revolut also said its existing crypto trading and remittance limits will apply to EURR transactions, while fiat transactions involving the token will carry no fees or spreads.

MiCA structure and reserve backing

The token is designed to maintain a value of one euro. According to the company, it is backed by reserves held and managed by Bridge in line with the European Union’s Markets in Crypto-Assets framework, or MiCA.

Bridge Building S.A., the Luxembourg entity tied to Bridge, is the issuer of EURR. Revolut Digital Assets Europe is the entity offering the token to customers, placing the product within the company’s regulated European digital assets setup.

Part of a broader stablecoin push

The EURR launch is described as the first move in a wider stablecoin strategy at Revolut. Beyond the euro product, the company said it is developing tokens denominated in other currencies, though those plans would proceed through separate regulatory pathways.

The immediate next step is the potential expansion of EURR to more EEA markets later this year. Whether that happens on schedule will depend on the same factors Revolut has already flagged: product preparedness, operational capacity and regulatory readiness.

Source: cointelegraph.com