Revolut Launches Euro‑Denominated Stablecoin EURR

Revolut started offering EURR, a euro‑denominated stablecoin, on August 26. The initial rollout targets customers in Portugal, Poland and Denmark, with a wider release across the European Economic Area expected later in the year.

Who Issues EURR?

The token is issued by Bridge Building S.A., a Luxembourg‑regulated entity owned by Stripe’s Bridge. Holders can redeem EURR directly with Bridge at a fixed rate of €1 per token.

How EURR Differs From USDC

While Revolut already supports USDC, which is pegged to the US dollar, EURR is pegged to the euro. This means EURR allows users to move euro‑denominated value onto blockchains such as Ethereum and Polygon without first converting to dollars, avoiding exposure to EUR/USD fluctuations.

Scale of the Rollout

At launch, Bridge’s reserve page showed 374 EURR in circulation, backed by an equivalent €374 in cash deposits, indicating a pilot‑scale deployment rather than a large‑scale stablecoin offering.

Open Questions

• Revolut has not detailed any pricing advantage of EURR over USDC.
• It is unclear whether EURR withdrawals will be cheaper than USDC withdrawals.
• The source of external liquidity for EURR and potential future features such as payments or rewards have not been disclosed.

For now, EURR provides a straightforward way for European users to hold euros on‑chain without converting to digital dollars.