Revolut launches euro-denominated stablecoin EURR in Denmark, Poland, and Portugal via Bridge, with broader EEA rollout planned.
DeFi & Yields ·
Revolut has begun distributing EURR, a euro-denominated stablecoin, to select customers in Denmark, Poland, and Portugal, with plans to expand across the European Economic Area before year-end. The token is issued by Bridge, which holds regulatory authorization under the EU's Markets in Crypto-Assets framework and maintains reserves backing each token at a €1.00 redemption rate. The rollout aims to connect Revolut's 80 million customers to blockchain-based finance through what the company frames as a direct on-chain corridor between traditional euros and digital assets.
The token launched on Ethereum and Polygon on August 20, with future support planned for Solana, Arbitrum, Optimism, Avalanche, Injective, TON, and Sui. Bridge's Luxembourg entity, Bridge Building S.A., manages reserves and compliance. Revolut has signaled that additional stablecoins denominated in other currencies are under development through separate regulatory pathways, though the wider EEA expansion remains subject to regulatory approval and operational readiness.
A notable complication: EURR shares its ticker symbol with an existing MiCA-authorized euro stablecoin from StablR. The broader timeline and feature parity across all planned networks and regions remain subject to regulatory and operational conditions that have not yet been fully specified.