Revolut debuts Euro-pegged stablecoin

Revolut has launched EURR, a euro-pegged stablecoin, beginning with a limited rollout to customers in Denmark, Poland, and Portugal. The move marks the fintech firm's entry into stablecoin issuance and reflects its broader strategy to deepen involvement in crypto infrastructure. A Luxembourg-based Stripe subsidiary will hold the reserves backing the token, providing the custody arrangement for the new asset.

The launch positions Revolut among fintech platforms offering blockchain-native versions of fiat currencies, though the initial availability remains restricted to specific European markets. The choice of reserve holder and geography suggests a focus on regulatory clarity within the EU framework.

• Revolut's first stablecoin targets euro users in three EU nations via phased rollout, with Stripe's Luxembourg entity managing reserves.
• The move extends Revolut's existing fintech platform into direct stablecoin issuance rather than just custody or trading.