Revolut has begun rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal, with Bridge Building S.A. acting as the regulated issuer. The token's early supply sits at just €374, compared with Circle's €394.5 million EURC.
Revolut has started distributing EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal. Bridge Building S.A. serves as the token's issuer and redemption counterparty, while Revolut supplies the distribution channel.
Bridge Issues, Revolut Distributes
Bridge Building, described by Revolut as a Stripe company, is the legal issuer of EURR. Revolut Digital Assets Europe Ltd acts as the offeror and is admitting EURR to trading on the Revolut X platform, according to Revolut's legal disclosure. The arrangement makes the rollout a distribution play: Revolut provides access through an app used by more than 75 million customers, though EURR access is initially limited to eligible users in the three test markets.
Revolut said users can move between euros, crypto, external wallets and supported blockchain networks. The company says more markets are set to follow and expects wider EURR availability later this year, with stablecoins tied to other currencies also in development.
A Regulated Issuer With a Small Supply Snapshot
EURR is an e-money token under the European Union's Markets in Crypto-Assets framework. Luxembourg's Commission de Surveillance du Secteur Financier lists Bridge Building as an active electronic money institution authorized on June 29, 2026. The regulator separately lists Bridge as an active crypto-asset service provider with custody, exchange and transfer permissions.
Tokenholders can redeem EURR at par against Bridge at any time, subject to the applicable terms and redemption process. Bridge reported 374 EURR in circulation and €374 in reserve assets as of Aug. 25, with all of the reported backing held as cash deposits in credit institutions and Ethereum and Polygon as its chains.
By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24, with EURC live on Avalanche, Base, Cronos, Ethereum, Solana, Stellar and World Chain. Bridge is authorized as an electronic money institution in Luxembourg, while Circle Internet Financial Europe SAS issues EURC under a similar license from France's Autorité de Contrôle Prudentiel et de Résolution. For EURR, Bridge carries the issuance and redemption role while Revolut supplies the brand and customer channel.
Source: The Defiant
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