Revolut launches EURR, a regulated euro stablecoin for 75 million users

Revolut has introduced EURR, an electronic money token pegged to the euro 1:1 and built to meet MiCA requirements. The practical point for high-risk operators is simple: this is a regulated euro-to-crypto rail with a ready-made distribution base, which changes the economics of euro settlement inside and outside the app.

1. EURR is issued by Bridge Building SA, a Stripe subsidiary licensed by Luxembourg’s CSSF, while distribution is handled by Revolut Digital Assets Europe Ltd under CySEC supervision in Cyprus. That split matters: issuance and distribution sit under different regulated entities, which is exactly how these products tend to get stitched together in Europe.
2. The first rollout phase is available in Denmark, Portugal, and Poland, with a full launch across the EEA expected by the end of 2026. For PSPs and merchants serving European users, that means the initial footprint is limited, but the regulated distribution path is already set.
3. Revolut says EURR is the first euro stablecoin aimed at the mass market with access to 75 million users. In stablecoin land, distribution is the whole game; the thing is, most tokens do not start life with a built-in audience of that size.
4. The product creates a native euro-to-crypto bridge inside the Revolut app, allowing users to move between euros, external wallets, and supported blockchain networks without routing through dollar stablecoins. In practice, that reduces the need to use USDC or USDT as the intermediate step for European flows.
5. Revolut also confirmed it is developing stablecoins in other currencies, with EURR as the first in the series. The broader market backdrop is a euro-stablecoin market worth $771.9 million, where Circle’s EURC holds 59%, so this is not a blank slate; it is a direct entry into a market that already has a clear incumbent.

MiCA is now fully in force, and Revolut is using the window before the market consolidates around a dominant player. For PSPs, acquirers, and banks watching high-risk flows, the important question is not whether euro stablecoins exist anymore; it is which regulated rails will control distribution, settlement, and user access.