Revolut Begins Rolling Out EURR Stablecoin with Bridge Issuer
Fintech app Revolut has begun rolling out its EURR stablecoin to select European users, partnering with licensed issuer Bridge.
Fintech firm Revolut has initiated the rollout of EURR, a euro-backed stablecoin issued by regulated entity Bridge, to select customers across three European nations. The launch marks Revolut's latest expansion into compliant digital asset settlement services.
The stablecoin aims to provide a compliant digital alternative to traditional euro holdings under European regulatory frameworks. By utilizing Bridge as an issuer, Revolut positions itself directly alongside established euro stablecoins like Circle’s EURC in the licensed market.
While EURR's initial supply remains modest at launch, entry from a retail banking powerhouse could accelerate institutional and consumer adoption of euro-denominated on-chain assets across the European Union.
Key takeaways
- Revolut launches EURR stablecoin for select European users.
- Token is issued in partnership with regulated entity Bridge.
- Strengthens competition in the regulated euro stablecoin sector.