Revolut Launches Euro-Pegged EURR Stablecoin
In briefRevolut has begun a phased rollout of EURR, a euro-pegged token, to selected customers in three EEA markets.The token is issued by Bridge Building S.A., a Stripe subsidiary licensed in Luxembourg, with Revolut distributing it through its app.Revolut says wider EEA availability and stablecoins in other currencies will follow this year. Neobank Revolut has started rolling out a euro-backed stablecoin to a selected group of customers in Denmark, Poland and Portugal, the fintech said in an announcement on Wednesday, in the first concrete product from a stablecoin plan it announced more than a year ago. The token, EURR, is designed to hold a value of €1 and is integrated into Revoluts retail app, giving customers a way to move between euros and crypto on-chain. It will run on several blockchains and work with external wallets, and Revolut said a wider EEA rollout and other currency-denominated tokens are expected later this year, subject to regulatory readiness. EURR is issued by Bridge Building S.A., a Luxembourg entity licensed by the CSSF as both a crypto asset service provider and an electronic money institution, and owned by Bridge, the stablecoin infrastructure firm Stripe agreed to buy for $1.1 billion in October 2024, in a deal









