Lisbon, Aug. 26, 2026 (Lusa) - Revolut customers in Portugal, Denmark and Poland are the first to gain access to the fintech firm's new ‘stablecoin', the EURR, as part of a phased roll-out that Revolut plans to extend to other European markets later this year.
In a statement released on Wednesday, the company explained that Bridge, a Stripe company, issues the EURR, which Revolut has integrated into its app, allowing eligible customers to use an asset denominated in euros and switch between euros and crypto-assets.
The ‘stablecoin' is designed to maintain a value of one euro and is backed by reserves held and managed by Bridge Building, in accordance with the applicable regulatory requirements under European legislation.
The EURR will be supported by various ‘blockchain' networks and external wallets, according to Revolut, which regards the launch as the first step in a broader strategy within the ‘stablecoin' sector.
The company intends to develop additional stablecoins in other currencies through different regulatory pathways and plans a wider roll-out of the EURR across the European Economic Area (EEA) later this year, subject to operational, product, and regulatory readiness.
‘Stablecoins' are cryptocurrencies designed to maintain a stable value, usually pegged to a traditional fiat currency, which combine the speed and security of blockchain technology with the stability of conventional currencies.
In May, the president of the European Central Bank (ECB) questioned the need to replicate instruments developed elsewhere, referring to ‘stablecoins' – even those denominated in euros – noting that they could pose risks to financial stability and hinder the transmission of monetary policy.
Lagarde emphasised that ‘stablecoins' could weaken confidence and transmit ‘stress' to the underlying asset markets by triggering mass redemption requests—a risk that grows as the use of ‘stablecoins' increases, particularly when the issuers are not banks. She added that in the case of instruments issued jointly by entities within and outside the EU, investors will seek to withdraw their funds to the jurisdiction where protections are strongest in the event of a bank run.
Revolut claims to have over 80 million retail customers worldwide and more than 16 million crypto-asset users.
PYR/ADB // ADB.
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