Short answer: On August 26, 2026, Revolut began rolling out EURR, its own euro stablecoin, to selected customers in Denmark, Poland and Portugal, with the rest of the European Economic Area planned before the end of the year. The token is issued by Stripe-owned Bridge under the EU's MiCA rules, and it gives euro stablecoins access to one of the largest retail distribution channels in Europe.
What happened
Revolut, the London-based fintech with more than 80 million customers worldwide, started a phased launch of the EURR euro stablecoin on August 26, 2026. At first the token is available only to a selected group of users in three countries — Denmark, Poland and Portugal — inside the main Revolut app and on its trading platform Revolut X.
A stablecoin is a crypto token designed to hold a fixed value against a reference asset, here one euro. Revolut does not issue EURR itself. The legal issuer is Bridge Building S.A., the Luxembourg-based European entity of Bridge, the stablecoin infrastructure company that Stripe bought in early 2025 for about $1.1 billion. Revolut Digital Assets Europe acts as the distributor. Splitting issuance from distribution is the model the EU's Markets in Crypto-Assets Regulation (MiCA) is built around.
- Networks at launch: Ethereum and Polygon, with more chains listed as planned.
- Backing: one euro in reserve per token, held in segregated accounts at regulated banks or in highly liquid euro instruments.
- Redemption: at par, which Bridge describes as free of charge, subject to compliance checks and an EEA bank account.
- Yield: none — MiCA bars issuers of e-money tokens from paying interest to holders.
The start was deliberately small. CoinDesk reported that only 374 EURR were in circulation at launch, backed by 374 euros in cash. Revolut called the token the first step in a wider stablecoin strategy that could later include other currencies.
Why the euro stablecoin market is still so small
The stablecoin market is worth more than $300 billion, but almost all of it is dollar-denominated. USDT and USDC alone account for roughly 85% of supply, while all euro-pegged tokens combined were worth less than $800 million, according to CoinDesk. The gap is not about regulation any more — MiCA has given the EU a full licensing regime since the end of 2024 — but about distribution and use: most crypto trading pairs are quoted in dollars, so euro tokens have had little natural demand.
| Token | Issuer | Where it is distributed |
|---|---|---|
| EURR | Bridge (Stripe), licensed in Luxembourg | Revolut app and Revolut X, three countries at launch |
| EURC | Circle | Exchanges and DeFi, the largest euro stablecoin so far |
| EURAU | AllUnity | German-focused, a venture that includes Deutsche Bank's DWS |
| Qivalis | Consortium of European banks | Bank-led project, rollout via member banks |
What Revolut brings is reach. Its app already serves more than 16 million crypto users, and they can hold EURR next to ordinary euro balances. If a meaningful share of them start using the token, the euro stablecoin market could grow faster than it has through exchanges alone.
How EURR fits into the fight over digital euros
European policymakers have openly worried that dollar stablecoins could weaken the euro's role in payments. The European Central Bank is preparing its own digital euro, while banks are building a joint token through the Qivalis project. EURR is a third path: a regulated, privately issued euro token delivered through a consumer app. For Stripe, it is also a showcase for Bridge, which sells the same issuing technology to other companies.
Two gaps are worth noting. Germany, the largest eurozone economy, is not among the launch countries. And with only two supported networks at first, cross-chain use will be limited until Bridge adds the other chains it has named.
What it means for you
If you hold euros and want exposure to on-chain finance without currency risk against the dollar, EURR is one more regulated option. A few practical points:
- Check the network before sending. EURR exists on Ethereum and Polygon; sending it to an address on an unsupported chain can lose the funds.
- Mind the fees. On Ethereum, a transfer can cost more than a small payment is worth. Our guide to crypto network fees explains the difference between chains.
- Liquidity is thin for now. With so little supply, trading pairs will be limited, and converting outside Revolut may involve wider spreads.
- A stablecoin is not a bank deposit. MiCA reserve rules reduce the risk, but there is no deposit insurance on the token itself.
Key takeaways
- Revolut began rolling out the EURR euro stablecoin on August 26, 2026, in Denmark, Poland and Portugal.
- EURR is issued by Stripe's Bridge under a Luxembourg MiCA licence and runs on Ethereum and Polygon.
- Euro stablecoins total less than $800 million, against more than $300 billion for the whole market.
- Revolut plans to extend EURR across the EEA before the end of 2026 and may add other currencies later.
If you are new to the asset class, start with our explainer on what a stablecoin is and how different types keep their peg.
Sources: CoinDesk, The Block, Trending Topics
Frequently asked questions
What is Revolut EURR?
EURR is a euro stablecoin distributed by Revolut and issued by Bridge Building S.A., the Luxembourg entity of Stripe-owned Bridge. Each token is backed one-to-one by euro reserves under the EU MiCA regulation.
Which countries can use EURR?
At launch on August 26, 2026, EURR was available to selected Revolut customers in Denmark, Poland and Portugal. Revolut plans to expand it across the European Economic Area before the end of 2026.
Does EURR pay interest?
No. Under MiCA, issuers of euro e-money tokens may not pay interest to holders, so EURR is a payment and settlement token rather than a savings product.
