Revolut Introduces EURR Stablecoin in Partnership With Regulated Issuer Bridge
Revolut has begun rolling out the euro-denominated stablecoin EURR to select users in three jurisdictions.
Fintech giant Revolut has started offering the EURR stablecoin to select customers across three countries, utilizing Bridge as the regulated issuing entity. EURR currently reports an early circulating supply of €374, positioning it in direct competition with established fiat-backed offerings such as Circle's EURC.
The deployment highlights traditional fintech platforms expanding into regulated crypto assets compliant with regional standards. Partnering with a regulated issuer enables Revolut to deliver seamless fiat-to-digital euro conversions for its vast European retail customer base.
While starting with minimal circulating supply, EURR could challenge established euro stablecoins as availability scales, potentially deepening euro-denominated liquidity throughout centralized and decentralized payment corridors.
Key takeaways
- Revolut begins phased rollout of EURR stablecoin in three countries.
- Bridge serves as the regulated issuing entity for the token.
- EURR enters the market to compete with Circle's EURC in Europe.