Revolut begins limited rollout of EURR euro stablecoin

Revolut began rolling out EURR, its first euro-denominated stablecoin, on August 26. The rollout covers selected customers in Portugal, Poland and Denmark. Revolut plans wider EEA availability later this year. Bridge Building S.A., a Luxembourg-regulated company owned by Stripe's Bridge, issues EURR rather than Revolut. Holders can redeem EURR with Bridge at €1 per token. USDC tracks the US dollar, so its value in euros moves with EUR/USD. EURR tracks the euro and lets users move euro-denominated value onto Ethereum or Polygon without taking dollar exposure. Bridge's reserve page showed 374 EURR in circulation at launch. The tokens were backed by €374 in cash deposits. Revolut says EURR will connect fiat, crypto, external wallets and blockchains. Revolut has not announced a clear pricing advantage over USDC. Revolut's current fee schedule allows supported fiat-to-stablecoin conversions without transaction fees within certain plan limits. It remains unclear whether EURR withdrawals will cost less than USDC. The source of outside liquidity also remains unclear. Revolut has not said whether it will add payment or rewards features. EURR lets European users move euros on-chain without converting them into digital dollars.