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Revolut has begun rolling out EURR, its first euro-backed stablecoin, as the fintech giant seeks to connect its banking ecosystem with onchain finance and challenge the dollar’s dominance of crypto markets.
The phased launch initially covers selected eligible customers in Denmark, Poland, and Portugal.
Revolut expects to expand EURR across other European Economic Area markets later in 2026, subject to regulatory, operational, and product readiness.
Integrated directly into Revolut’s retail app, EURR will give customers a euro-denominated route between traditional money and crypto without first converting their funds into dollars.
Dollar-pegged stablecoins overwhelmingly dominate the sector, with a combined market capitalization of roughly $300 billion. By comparison, the entire euro-backed stablecoin market remains worth less than $1 billion.
That disparity has made the dollar the default settlement currency for crypto trading, decentralized finance (DeFi), and many international blockchain transactions, even when the users involved are based in Europe.
We’re rolling out EURR, our first euro-backed stablecoin, in the Revolut app. pic.twitter.com/UVcns1mytF
— Revolut (@Revolut) August 26, 2026
Revolut hopes its distribution network can narrow that gap. The company has more than 80 million retail customers globally, including over 16 million crypto users.
EURR will support multiple blockchain networks and external wallets, allowing customers to move euros beyond Revolut’s closed banking environment.
Revolut will brand, integrate, and distribute EURR, while Bridge Building, part of Stripe, will issue the stablecoin, manage its reserves, and handle redemptions.
The token is designed to maintain a value of 1 euro and is backed by reserves managed under the European Union’s Markets in Crypto-Assets (MiCA) framework.
There were signs. See my post below.
It looks to me like Revolut will eventually move its EURR stablecoin issuance to its own entity.
Facilitating payments with stablecoins and taking some fees, retaining the customer is a great play – the real revenue comes from monetising the… https://t.co/r1oiz65irD
— Max Karpis (@maxkarpis) August 26, 2026
Bridge holds electronic money institution and crypto-asset service provider authorizations from Luxembourg’s financial regulator. Revolut will offer EURR through its Cyprus-regulated digital-assets entity.
However, EURR is an electronic money token rather than a bank deposit. It does not benefit from the protections provided by deposit guarantee schemes. Redemption at par also requires the holder to complete Bridge’s onboarding process.
Revolut described EURR as the first step in a broader multi-currency stablecoin strategy. The company is developing additional fiat-denominated tokens through separate regulatory pathways, with other launches expected later this year.
The move also coincides with Revolut’s reported plan to delist Tether’s USDt (USDT) for European users by Aug. 31, potentially positioning EURR as a compliant alternative for moving funds onchain.
Revolut just launched EURR, its first euro-backed stablecoin 😳
This is one of the clearest signs yet that Europe’s biggest & most valuable fintech wants to own the money layer, not just the app around it:
→ Dollar stables still dominate (~$300B). The entire euro stablecoin… pic.twitter.com/sOiWS4yeRG
— Linas Beliūnas (@linasbeliunas) August 26, 2026
Emil Urmanshin, head of crypto and new bets at Revolut, said the stablecoin could connect the company’s customers directly with onchain finance while reducing friction between fiat currencies and digital assets.
EURR’s central test will be whether Revolut’s mass-market reach can generate meaningful demand for euro-denominated blockchain settlement. If successful, the launch could give Europe a stronger onchain currency presence and reduce its reliance on dollar-backed stablecoins.
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