Revolut has begun rolling out EURR to selected customers in Denmark, Poland and Portugal, with Bridge Building S.A. acting as the regulated issuer. The stablecoin launches with a small supply snapshot next to Circle's EURC, even as Bridge holds an active electronic money institution license in Luxembourg.
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 issuer and redemption counterparty for the token, while 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 rollout is 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 the three test markets. Revolut said users can move between euros, crypto, external wallets and supported blockchain networks. The company says more markets are set to follow and expects wider EURR availability later this year, with stablecoins tied to other currencies also in development.
A regulated issuer, 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 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'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. Bridge identifies Ethereum and Polygon as EURR chains.
By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24, spread across Avalanche, Base, Cronos, Ethereum, Solana, Stellar and World Chain. 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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