Revolut EURR Stablecoin Launches on Ethereum and Polygon

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The Revolut EURR stablecoin went live on Wednesday across Ethereum and Polygon. The token targets a steady €1 value. Revolut brands the coin, yet Revolut does not issue it.

Who Actually Issues the EURR Token

Here the detail matters. Bridge Building S.A., a Luxembourg firm, issues EURR as a MiCA e-money token. The CSSF authorised Bridge as both a crypto-asset service provider and an electronic money institution.

Bridge belongs to Stripe. The payments giant agreed to buy the stablecoin infrastructure firm in 2024. The deal closed in February 2025 at a reported $1.1 billion. So EURR is really a Stripe-powered token that Revolut distributes.

Revolut Digital Assets Europe Ltd handles that distribution. The unit holds a MiCA CASP licence from Cyprus regulator CySEC, cited as CASP001/25. Customers reach the token inside the Revolut app and through Revolut X.

Revolut has built toward this moment for years. It began crypto trading in 2017 and launched the Revolut X exchange in 2024. The firm then won its MiCA licence through Cyprus in October 2025. EURR now extends that push onto public chains.

Where the Revolut EURR Stablecoin Launches First

Revolut picked three markets to start. A company spokesperson told Cointelegraph that Denmark, Poland and Portugal were chosen for their size. Around 2 million customers sit in the initial cohort.

The rollout runs on two chains at once. Ethereum L1 is the headline settlement rail, while Polygon serves as the cheaper payments companion Revolut already uses for remittances. The white paper also names Solana, Arbitrum and other networks as later targets.

Wider access across the EEA should follow later in 2026. Revolut has opened a public waitlist for customers outside the first three countries. That timing still depends on regulatory and operational readiness.

A Pilot Mint, Not a Flood of Euros

The Revolut EURR stablecoin launch is tiny for now. Bridge’s reserves page, last updated on 25 August, showed just 374 EURR in circulation. Behind it sat €374 in cash at credit institutions, so the token was fully cash-backed.

On-chain data matches that picture. The Ethereum contract carried only around 10 holders at the time of reporting, according to Etherscan. CoinDesk independently cited the same 374 figure. The reserve report also held the backing entirely in cash, with no higher-risk instruments.

That float barely registers against the wider market. Euro stablecoins totalled roughly €710 million on 26 August, and Circle’s EURC still leads by far. Revolut’s €374 is a rounding error, so it cannot move ETH, which traded near $2,456 on the day.

Watch Out for the EURR Ticker Clash

One practical warning stands out. A different euro token from StablR also trades under the EURR ticker, and it holds millions in supply. Data screens that read the symbol alone may mix the two up.

The Revolut version lives at a specific Ethereum contract with six decimals. Anyone checking market data should match the Bridge contract address, not just the ticker. That small step avoids a big mistake.

Why EURR Arrives as USDT Leaves

The timing is deliberate. Revolut is pulling Tether’s USDT from the EEA and Switzerland, and remaining balances convert to fiat after 31 August 2026. So EURR steps in as a MiCA-compliant euro rail.

MiCA rules reshaped Europe’s stablecoin map. The regime pushed Tether off the region’s authorised list. It also concentrated compliant euro supply in a handful of issuers. Revolut now offers its own branded route into that market.

For everyday users, the pitch is a euro that moves at blockchain speed. A euro token lets balances stay in euros while settling on-chain. That avoids the usual detour through dollar stablecoins and their FX risk. It does not automatically beat SEPA, yet it adds programmable, around-the-clock settlement.

Emil Urmanshin, Revolut’s Head of Crypto, framed the scale directly. “EURR connects 80 million Revolut customers directly to onchain finance,” he told The Block. CoinDesk notes Revolut still counts more than 16 million crypto users among that base.

What the Revolut EURR Stablecoin Means for Ethereum

The Ethereum Foundation welcomed the move. Its official account posted that locally denominated stablecoins “will accelerate global economic integration.” Iman Olya, Revolut’s stablecoin product owner, called EURR a “seamless and instantaneous bridge between fiat and crypto.”

Not everyone is convinced. Some DeFi voices are sceptical here. They argue the token means little unless it leaves the app and reaches lending markets like Aave or Morpho. For now, external wallet transfers are open to select users and should widen as liquidity builds.

Revolut says more coins are coming, with tokens tied to other currencies already in development. So watch the reserves page and the holder count next. A rising float is what turns 80 million customers into real on-chain demand. This article is not financial advice, and readers should do their own research.