Revolut has begun rolling out EURR, its first euro-backed stablecoin, to select customers in Denmark, Poland and Portugal, with Bridge Building S.A. acting as the regulated issuer and redemption counterparty. The token launches under the EU's MiCA framework, with 374 EURR in circulation as of Aug. 25 against €394.5 million for Circle's EURC. Revolut expects wider EURR availability later this year, alongside stablecoins tied to other currencies.
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, putting a branded onchain euro inside the Revolut app.
Bridge Issues the Token, Revolut Supplies the App
Bridge Building is the legal issuer; Revolut describes it as a Stripe company. 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 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 the three test markets. Revolut said users can move between euros, crypto, external wallets and supported blockchain networks.
Revolut says more markets are set to follow and expects wider EURR availability later this year. Stablecoins tied to other currencies are also in development.
A Regulated Issuer, but 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 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 process. Bridge's reserve page says funds received for EURR sit in segregated accounts at regulated credit institutions or go into eligible, highly liquid euro-denominated instruments.
The supply snapshot is small: Bridge reported 374 EURR in circulation and €374 in reserve assets as of Aug. 25, all held as cash deposits in credit institutions. Bridge identifies Ethereum and Polygon as EURR chains.
How EURR Stacks Up Against Circle's EURC
By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24. Circle identifies EURC on 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 the customer channel.
Source: The Defiant
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