Revolut fully enters the stable digital currency market with EURR, a stablecoin denominated in euros and designed to maintain a value of 1 euro. The company has begun its rollout among eligible customers in Denmark, Poland, and Portugal, before extending its availability to other markets in the European Economic Area during this year.
The new currency will be integrated into the Revolut app and will allow for value denominated in euros directly on the blockchain. Users with access will be able to use EURR to make transactions between traditional money and crypto assets, as well as interact with external wallets and compatible blockchain networks.
The launch has, however, an important particularity. Although Revolut presents EURR as its first stablecoin, the legal issuer of the asset is Bridge Building S.A., a company of Bridge, belonging to Stripe. Revolut Digital Assets Europe acts as the token provider and integrates it within its crypto asset services.
What is EURR and how does the new digital currency work
EURR is a token of electronic money or e-money token (EMT) denominated in euros. It is designed to maintain a one-to-one parity with the European currency, so the goal is for each EURR to retain a stable value of 1 euro.
This differentiates its operation from that of crypto assets like bitcoin or ether, whose prices fluctuate based on the market. Stablecoins seek to precisely reduce that volatility by linking their value to a currency or another reference asset.
In the case of EURR, Revolut wants to offer its customers a way to transfer euros to the blockchain environment without having to assume exposure to the dollar. The company points out that the asset is designed to facilitate movements between fiat money and blockchain networks.
Bridge Building issues EURR and Revolut offers it to its customers
The legal structure is relevant to understanding the product. EURR is issued by Bridge Building S.A., an authorized electronic money entity in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier (CSSF).
For its part, Revolut Digital Assets Europe Ltd acts as the provider and facilitates its trading within its ecosystem. This entity of Revolut operates as a crypto asset service provider under the European regulatory framework MiCA.
The headlines also include the right to request from the issuer the reimbursement of their EURR at its nominal value, subject to the applicable terms and procedures. That is to say, the structure is designed so that the reference of an EURR continues to be one euro.
EURR begins in Denmark, Poland, and Portugal
The launch is being carried out progressively and does not mean that all European customers of Revolut have immediate access. The first eligible users are in Denmark, Poland, and Portugal.
The company will use this first phase before expanding geographical availability. Revolut has announced that it expects to bring EURR to more markets in the European Economic Area throughout 2026, although it has not publicly established an individualized timeline for each country.
Therefore, EURR is not generally available to Spanish customers in this initial launch. Spain could be part of the subsequent expansion across the EEA, but Revolut has not announced a specific date for its arrival in the Spanish market so far.
What EURR will be used for within Revolut
The main function of EURR will be to connect traditional money with the ecosystem of digital assets. A customer with access will be able to have euros represented by a blockchain asset and use them to move between the fiat environment and compatible cryptocurrency services.
Revolut has also announced compatibility with external wallets and different blockchain networks, which will allow EURR not to be limited exclusively to internal movements within its application.
The company presents this launch as an expansion of its digital asset business and not as an isolated product. In fact, it is already working on stablecoins linked to other currencies, which will follow independent regulatory pathways.
EURR is not the same as having a euro in a bank account
That EURR is designed to be worth one euro does not mean it is legally equivalent to the balance held in a bank account. It is an electronic money token, with different regulation and characteristics than those of a deposit.
The documentation from Revolut expressly identifies Bridge Building as responsible for the issuance and establishes the corresponding reimbursement rights. It also warns of the specific risks associated with crypto assets and stablecoins.
This difference is especially important to avoid interpreting the launch as an official "digital euro." EURR is a private asset linked to the euro and not the digital currency of a central bank. Its issuance and operation correspond to private companies within the European regulatory framework.
Revolut prepares more stablecoins after EURR
The company considers EURR the first step of a broader strategy. Revolut has confirmed that it is already developing stablecoins denominated in other currencies, although it has not yet detailed what the next ones will be or when they will be available.
The launch is also supported by the dimension reached by its platform. Revolut claims to currently have more than 75 million customers in over 40 markets, which provides EURR with a significant potential distribution channel as its availability expands.
The expansion planned by the EEA will be the next step. Until then, the launch is concentrated in three European markets and with limited access to eligible customers, while Revolut tests how to integrate into its platform an asset that aims to function as a bridge between traditional euro and blockchain finance.