Revolut Begins Pilot Launch of Bridge-Issued EURR Stablecoin
Revolut has initiated the rollout of the EURR stablecoin to select European users, partnering with regulated issuer Bridge.
Fintech giant Revolut has begun rolling out EURR, a euro-pegged stablecoin issued by Stripe-acquired infrastructure firm Bridge, to eligible customers across three European countries. Bridge reported an initial circulating supply of approximately €374 million for EURR as the pilot gets underway.
This launch marks a significant development in the regulated European stablecoin ecosystem under the Markets in Crypto-Assets framework. With Circle's EURC dominating the euro-backed digital asset sector at nearly €395 million, EURR emerges as a direct competitor backed by Revolut's extensive retail distribution network.
As European stablecoin adoption gains traction, deep integration within mainstream neo-banking apps could significantly enhance liquidity and mainstream access for euro-denominated decentralized finance products.
Key takeaways
- Revolut is testing EURR with customers across three European jurisdictions.
- Bridge serves as the regulated issuer for the emerging euro-pegged stablecoin.
- The launch intensifies competition against established tokens like Circle's EURC.