Revolut has begun rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal. Bridge Building S.A. serves as the regulated issuer and redemption counterparty, and Bridge's own reserve data shows €374 backing the token, against €394.5 million for Circle's EURC.
Revolut has started giving EURR to selected users in three countries, putting a branded euro stablecoin inside its app while Bridge Building S.A. handles issuance and redemption. Bridge Building is the legal issuer, which Revolut describes as a Stripe company, and Revolut Digital Assets Europe Ltd acts as the offeror, admitting EURR to trading on the Revolut X platform.
A distribution play through a 75-million-user app
The arrangement makes the rollout a distribution play. Revolut provides access through an app used by more than 75 million customers, though EURR is initially limited to eligible users in Denmark, Poland and Portugal. Revolut said users can move between euros, crypto, external wallets and supported blockchain networks.
Revolut says more markets are set to follow, and it expects wider EURR availability later this year. Stablecoins tied to other currencies are also in development at the company.
Regulated issuer, 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 lists it 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 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. Bridge identifies Ethereum and Polygon as EURR 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.
The issuers hold separate licenses: Bridge is authorized as an electronic money institution in Luxembourg, while Circle Internet Financial Europe SAS issues EURC under an electronic money institution 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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