Revolut begins rolling out euro stablecoin EURR

Revolut has begun rolling out its euro-backed stablecoin EURR through its retail apps. Revolut has more than 80 million retail customers. The initial rollout covers a select group of customers in Denmark, Poland, and Portugal. More than 16 million Revolut customers already use crypto. EURR shares its ticker with Stablr's euro-backed stablecoin. Stablr's token has a market capitalization of 6.4 million. The stablecoin ecosystem is worth more than $300 billion, according to DeFiLlama data. Euro-pegged stablecoins account for less than $800 million of that total. Bridge issues EURR legally. Stripe owns Bridge. EURR complies with the European Union's MiCA framework. Bridge is authorized as an electronic money institution. Luxembourg's markets watchdog supervises Bridge.