Revolut Begins Rollout of Bridge-Issued EURR Stablecoin Across Europe
Revolut has initiated the launch of the EURR euro-denominated stablecoin for select European users via issuer Bridge.
Fintech firm Revolut has begun rolling out EURR, a euro-backed stablecoin issued by Stripe-owned Bridge, to select customers across three European countries. Bridge reported an initial circulating supply of €374 as the testing phase commences, positioning EURR as an emerging competitor in the European stablecoin ecosystem.
The launch underscores growing institutional interest in compliant euro stablecoins under the MiCA regulatory framework. Backed by Bridge's compliance infrastructure, Revolut seeks to offer localized on-chain payment rails and cash-equivalent instruments directly within its banking application.
While Circle's EURC remains the dominant euro-pegged asset with over €394 million in circulation, Revolut's extensive retail distribution network could accelerate market share growth for regulated euro digital currencies over the coming quarters.
Key takeaways
- Revolut rolled out EURR testing in three European nations.
- EURR is issued through Stripe-owned infrastructure firm Bridge.
- The move challenges Circle's EURC in the MiCA-compliant stablecoin sector.