Revolut has started 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. Bridge reported €374 in reserve assets backing the token as of Aug. 25, a fraction of the €394.5 million behind Circle's rival EURC.
Revolut has begun rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal, while Bridge Building S.A. serves as issuer and redemption counterparty. Revolut says more markets are set to follow and expects wider EURR availability later this year.
Bridge Issues the Token, Revolut Supplies the App
Bridge Building is the legal issuer of EURR, and Revolut describes it as a Stripe company. 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, although EURR is initially limited to eligible users in the three test markets. Users can move between euros, crypto, external wallets and supported blockchain networks, and Revolut says stablecoins tied to other currencies are 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, and separately as an active crypto-asset service provider with custody, exchange and transfer permissions.
Tokenholders have the right to redeem EURR at par against Bridge at any time, subject to the applicable terms and redemption process. Bridge's reserve page says funds received for EURR are safeguarded in segregated accounts at regulated credit institutions or invested in eligible, highly liquid euro-denominated instruments.
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. By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24. Bridge identifies Ethereum and Polygon as EURR chains, while Circle identifies EURC on Avalanche, Base, Cronos, Ethereum, Solana, Stellar and World Chain.
For EURR, Bridge carries the issuance and redemption role while Revolut supplies the brand and customer channel.
Source: The Defiant
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