Revolut Introduces EURR Stablecoin in Europe via Regulated Issuer Bridge
Revolut has begun rolling out the EURR euro stablecoin to select users across three European countries in partnership with Bridge.
Fintech major Revolut has initiated the launch of its EURR stablecoin, rolling out access to select customers across three countries. The token is issued via Bridge, an authorized entity handling compliance and reserves.
This deployment marks an effort to capture market share in the euro-pegged asset class, which currently sees Circle's EURC dominating circulating supply with nearly €395 million outstanding. EURR aims to streamline fiat-to-crypto rails within Revolut's retail ecosystem.
Increased competition among compliant euro stablecoins could expand on-chain foreign exchange trading and offer European users more regulated digital settlement options.
Key takeaways
- Revolut rolled out its EURR stablecoin to select users in three markets.
- Bridge acts as the regulated issuer for the digital euro asset.
- The token enters a market largely dominated by Circle's EURC.