Revolut Launches EURR, a Euro-Based Stablecoin

Revolut has launched EURR, its first euro-based stablecoin, with a 1:1 peg and an initial issuance of 374 tokens. The news matters for traders, stablecoin holders, and those moving money between fiat and crypto.

The asset was introduced on 26 August 2026 for a limited group of customers in Denmark, Portugal, and Poland. The issuer is Bridge Building S.A., a Stripe subsidiary, and EURR itself complies with MiCA requirements.

Why did Revolut launch EURR?

The main idea is simple. Revolut wants to give customers a euro-denominated asset that can move quickly between a bank account, a crypto wallet, and the blockchain. This is convenient for those who do not want to keep cashing out or waiting for transfers.

In its release, the company says outright that EURR is meant to simplify transfers between euros, cryptocurrencies, external wallets, and supported networks. At launch, the token operates within a pilot, and a full rollout has not yet been announced.

There is another important detail. According to additional analysis, the pilot may cover around 2 million customers in three countries, and the initial launch runs on Ethereum. For some users, transfers to external wallets are available immediately.

This is no small matter. For the European market, such a product could become a simpler on-ramp into crypto without a dollar peg.

What is known about the launch and reserves?

EURR is registered as electronic money, or EMT, and is pegged to the euro at a 1:1 rate. At the time of writing, there were 374 EURR in circulation. That is very little for the market, but the figure is telling for a pilot.

According to Revolut, the reserves are 100% made up of cash or cash equivalents. This matters because for a stablecoin, reserves determine whether users will trust it. If reserves are weak, the token quickly loses its purpose.

EURR is meant to give users access to on-chain infrastructure without unnecessary steps. That is the foundation of Revolut’s launch.

The issuer is Bridge Building S.A., and the company received its license from Luxembourg’s regulator. The product is offered by Revolut Digital Assets Europe Ltd, which operates under CySEC supervision in Cyprus. That is why there are so many regulatory details here.

For the average user, this means one thing. The focus is not speculation, but transfer convenience.

Why does this matter right now?

EURR arrives at a time when euro stablecoins are still niche. According to DeFiLlama, their combined market capitalization stands at $771.93 million. By comparison, the overall stablecoin market is valued at about $303.7 billion.

USDT dominance is huge in this context, at 60.31%. But in Europe, the situation is changing because of MiCA. This regulation is pushing major companies to launch assets that already work under the new rules.

There is another detail that explains the timing of the launch. Revolut has required customers in the EEA and Switzerland to sell or withdraw USDT by 31 August 2026, otherwise the remaining balance will be automatically converted into the account’s base currency. Against this backdrop, EURR looks not just like a new product, but a convenient replacement for European users.

Another important signal is the rapid growth of the euro segment. According to the ECB, the market rose from about €50 million at the beginning of 2024 to around €450 million in January 2026.

Market reaction

The euro stablecoin market is still small, but movement in it is noticeable. According to the ECB, this segment grew from about €50 million at the beginning of 2024 to around €450 million in January 2026. That is a sharp jump, even if from a very low base.

EURR already has a competitor. According to DeFiLlama, Circle’s EURC has a market capitalization of $455.56 million, a circulating supply of 390.57 million EURC, and a price of $1.17. Its largest networks, according to the same data, are Ethereum, Base, and Solana.

In this context, Revolut is betting not on rapid volume, but on access to its large customer base. Additional materials mention 80 million Revolut users. If even a fraction of them move to EURR, that would already change the balance in the euro segment.

EURR launched on 26 August 2026. At launch, 374 tokens were in circulation, and reserves were stated at 100%.

• EURR launched on 26 August 2026.

• Initial access was given to customers in Denmark, Portugal, and Poland.

• There were 374 EURR in circulation at launch.

• Reserves were stated at 100%.

• Euro stablecoins currently have a market capitalization of $771.93 million.

• The total stablecoin market is estimated at $303.7 billion.

By the way, we have already written about weekly inflows into Bitcoin and Ethereum ETFs. There, too, you can see how major financial players are bringing crypto closer to the mass user.

What does this mean for investors?

For the average user, EURR matters not as a speculative token, but as a tool. If you hold euros and occasionally work with crypto, such an asset can reduce the number of unnecessary conversions. That saves time and nerves.

For traders, the logic is different. A euro stablecoin with a MiCA-compliant structure could become a convenient bridge for entering pairs with BTC, ETH, and other assets. But volumes are still small, so it is too early to talk about a rapid market shift.

My assessment is simple. Revolut is not trying to outcompete USDT globally. The company is more likely building a European alternative for those who care about rules, reserves, and a clear regulatory status.

If the pilot in three countries works, a broader rollout could follow. And if customers really start using EURR instead of dollar stablecoins, the euro segment will gain new momentum. Those who want to quickly sell USDT TRC20 for hryvnia to a card can do so without extra steps.

Frequently asked questions

What is EURR from Revolut?

It is Revolut’s first stablecoin, pegged to the euro at a 1:1 rate. At launch, there were 374 EURR in circulation, and the asset fully complies with MiCA.

In which countries is EURR already available?

For now, only for a limited group of customers in Denmark, Portugal, and Poland. Revolut has not announced a full global launch date.

How is EURR different from USDT?

EURR is pegged to the euro and operates within the European MiCA regulatory framework. For Revolut customers in the EEA and Switzerland, it is also a practical alternative, because USDT must be sold or withdrawn by 31 August 2026.

EURR is still small in volume, but Revolut’s move is important. It shows that euro stablecoins are moving out of a narrow niche and gaining a real banking channel. For the market, that is already a notable signal.

This material is not financial advice. Cryptocurrency trading involves significant risks. Part of this text was prepared with the help of artificial intelligence based on public sources and reviewed by our editorial team.