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      Revolut Launches Euro-Backed Stablecoin EURR in Select Markets

      Revolut has initiated the rollout of its euro-backed stablecoin, EURR, to selected customers in Denmark, Poland, and Portugal. This marks the company's first foray into stablecoins tied to the euro, with Bridge Building S.A. serving as the legal issuer and redemption counterparty. Revolut Digital Assets Europe Ltd is facilitating the offering and will list EURR for trading on the Revolut X platform.

      The rollout is currently limited to eligible users in the three test markets, but Revolut plans to expand availability to more markets later this year. The stablecoin allows users to seamlessly transition between euros, cryptocurrencies, external wallets, and supported blockchain networks, leveraging Revolut's app, which has over 75 million users.

      EURR is classified as an e-money token under the European Union’s Markets in Crypto-Assets framework. As of August 25, there were 374 EURR tokens in circulation, fully backed by cash deposits in regulated credit institutions. Bridge Building is recognized as an active electronic money institution in Luxembourg, authorized to issue and manage electronic money and crypto-asset services.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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