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CRYPTO

Revolut Begins Euro‑Pegged Stablecoin Rollout in Denmark, Poland and Portugal

Revolut began rolling out its euro‑pegged stablecoin, EURR, to customers in Denmark, Poland and Portugal on August 26, 2026, with a phased expansion to other European Economic A...

By cointelegraph · 1d ago · Source: cointelegraph

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Revolut began rolling out its euro‑pegged stablecoin, EURR, to customers in Denmark, Poland and Portugal on August 26, 2026, with a phased expansion to other European Economic Area markets later this year pending regulatory and operational readiness. Approximately 2 million customers will participate in the initial rollout, a Revolut spokesperson said. The stablecoin, issued by Bridge Building S.A., a Luxembourg‑based entity of Stripe‑owned infrastructure firm Bridge, will be integrated into Revolut’s retail app and support multiple blockchain networks, starting with Ethereum. External wallet transfers will be available immediately for select customers and more broadly as liquidity builds. Revolut’s standard crypto trading and remittance limits apply, while fiat transactions incur no fees or spreads. EURR is designed to maintain a value of one euro and is backed by reserves held and managed by Bridge in accordance with the EU’s Markets in Crypto‑Assets (MiCA) rules. The launch follows Revolut’s decision to discontinue Tether’s USDT in the EEA and Switzerland, converting existing USDT balances to customers’ base currencies after August 31. Revolut stated that the euro stablecoin is the first step in a broader strategy to develop additional stablecoins in other currencies through separate regulatory pathways, though no specific currencies have been identified.

Source transparency

Publisher
cointelegraph
Reliability
high
Published
8/27/2026, 10:00:21 AM
Retrieved
8/27/2026, 10:00:21 AM
Relevance
80%
Confidence
85%
Read original at cointelegraph

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