Revolut has begun rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal. Bridge Building S.A. issues and redeems the token, and Bridge's own reserve report puts EURR's circulating supply far behind Circle's rival EURC.
Revolut has started giving selected customers in Denmark, Poland and Portugal access to EURR, a euro-backed stablecoin built into its app. Bridge Building, described by Revolut as a Stripe company, serves as the legal issuer and redemption counterparty, while Revolut Digital Assets Europe Ltd acts as the offeror and lists EURR for trading on the Revolut X platform.
The rollout gives Bridge distribution through an app used by more than 75 million customers, though access for now is limited to eligible users in the three test markets. Revolut said users can move between euros, crypto, external wallets and supported blockchain networks, and it expects wider EURR availability later this year as more markets follow. Stablecoins tied to other currencies are also in development.
A regulated issuer with a small supply
EURR qualifies as 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 can redeem EURR at par against Bridge at any time, subject to the applicable terms, and Bridge says funds backing the token sit in segregated accounts at regulated credit institutions or in eligible, highly liquid euro-denominated instruments.
Bridge reported 374 EURR in circulation and €374 in reserve assets as of Aug. 25, all of it held as cash deposits, with Ethereum and Polygon as EURR's chains. By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24, issued under Circle Internet Financial Europe SAS's electronic money institution license from France's Autorité de Contrôle Prudentiel et de Résolution across 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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