.png){kind=logo}
Revolut has started rolling out EURR, its first euro-pegged stablecoin, to eligible customers in Denmark, Poland, and Portugal. The fintech plans a wider EEA launch later this year. The launch comes as Revolut removes Tether's USDt from its European retail offering by August 31.
EURR tracks the euro at a fixed value of €1 and launches on Ethereum. Revolut plans support for more blockchain networks and external wallet transfers later. Bridge Building S.A., a Luxembourg entity of Stripe-owned Bridge, issues EURR. Stripe bought Bridge for $1.1 billion in February 2025.
Bridge Building holds an Electronic Money Institution license and MiCA authorization from Luxembourg's CSSF. Those approvals allow it to issue e-money tokens across the EEA. Revolut Digital Assets Europe Ltd. distributes EURR under its own MiCA license from the Cyprus Securities and Exchange Commission. Revolut says the token gives customers a euro-denominated on-chain option.
The company also plans stablecoins linked to other currencies through separate regulatory routes, although it has not named them. Can Revolut turn that reach into regular euro payments and settlement activity?
Read More: FASB Stablecoin Proposal Meets Visa-Mastercard Settlement Race
The phased USDt withdrawal started in July with a purchase freeze. Revolut later blocked deposits as it moved toward the August 31 removal date. Tether has not sought MiCA authorisation. MiCA's reserve rules effectively force EEA platforms to delist stablecoins that lack a licensed issuer.
Coinbase, Crypto.com, Kraken, and OKX had already removed or restricted USDt trading pairs in Europe. Revolut is among the last major platforms to complete that shift. Euro stablecoins still represent a small share of global stablecoin supply, which remains dominated by dollar-pegged tokens. EURR enters a field that already includes Circle, Banking Circle, and AllUnity.
A consortium of 37 European banks backs Qivalis, another euro stablecoin. Revolut differs because it can place EURR before more than 80 million existing customers.
Those customers already hold euro balances inside Revolut's app. The company points to cross-border transfers, business payments, and settlement as uses beyond crypto trading. Revolut plans to expand EURR beyond its first three markets later this year. The rollout will also add more networks and external wallet transfers as the product develops.
EURR gives Revolut a MiCA-compliant euro stablecoin as it completes its USDt withdrawal in Europe. The rollout starts in Denmark, Poland, and Portugal before a broader EEA expansion. Revolut plans more networks, external transfers, and additional currency-linked tokens while targeting payments, transfers, and settlement through its existing customer base.
