Revolut launches euro stablecoin EURR for select European customers, initially covering Denmark, Poland, and Portugal.
1 hours ago
Revolut phased in the launch of its first euro stablecoin, EURR, on August 26, initially making it available to select customers in Denmark, Poland and Portugal, with plans to expand access to other European Economic Area (EEA) regions later this year. EURR is legally issued by Bridge Building S.A., a subsidiary of Stripe’s Bridge, pegged 1:1 to the euro and redeemable at face value. It currently has a circulation of 369 units, backed by a €369 reserve. Boasting over 80 million retail customers, Revolut’s launch provides a key distribution channel for euro stablecoins.
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