Revolut Launches EURR, Its First Stablecoin, in Denmark, Poland and Portugal

Revolut has started issuing its own stablecoin. The fintech, which counts more than 60 million customers across its banking and crypto products, began rolling out EURR, a euro-pegged token, to eligible users in Denmark, Poland, and Portugal this week — the company’s first venture into issuing a stablecoin rather than simply letting customers trade ones issued by someone else.

EURR is not built in-house. It is issued by Bridge Building S.A., the Luxembourg-registered arm of Bridge, the stablecoin infrastructure company Stripe acquired last year. Reserves backing the token are held and managed by Bridge under the European Union’s MiCA framework, and the coin is designed to hold a constant value of one euro. Revolut has said the token will plug directly into its retail app, letting users hold euro-denominated balances, convert between euros and crypto inside the app, and send EURR to external wallets on whichever blockchain networks Revolut ultimately supports.

The choice of Denmark, Poland, and Portugal as launch markets was deliberate rather than incidental — together they cover an estimated two million Revolut customers, giving the company a large enough test population to work through operational kinks before a wider European Economic Area rollout later this year, which Revolut says depends on product readiness, operations, and regulatory sign-off in each additional market.

Pricing on the fiat side is meant to be a non-event: Revolut says converting between euros and EURR carries no fees or spread, though its existing crypto trading and remittance limits still apply once a user starts moving the token around like any other crypto asset in the app. That structure mirrors how Revolut already treats other crypto holdings, just with a token the company itself has a direct commercial relationship with, rather than a third-party issuer’s stablecoin sitting passively in a user’s portfolio.

The move lands at a moment when euro-denominated stablecoins remain a rounding error next to dollar-pegged tokens, which still command roughly $300 billion in circulating supply between USDT and USDC alone. A consumer fintech with tens of millions of app users pushing its own euro stablecoin into daily use is a meaningfully different distribution channel than the exchange-and-DeFi rails euro stablecoins have mostly lived on so far.

Bridge, for its part, framed the launch as proof of concept for its “Open Issuance” platform, which lets regulated fintechs stand up their own branded stablecoins under Bridge’s EMI license rather than building issuance infrastructure from scratch.

Revolut has not said which additional currencies or markets are next, only that more is planned. Whether EURR sees meaningful adoption inside the app, or simply sits as an option next to Bitcoin and Ether in Revolut’s crypto tab, is likely to become clearer once the phased rollout reaches larger markets like France, Germany, or Spain.

Stablecoins are generally designed to hold a fixed value, but peg stability is not guaranteed and depends on issuer reserves and redemption mechanics. This is not financial advice.

Curious how stablecoins actually maintain their peg? Coin680’s Bitcoin Academy has plain-language explainers on stablecoin mechanics and custody risk.