Revolut has joined banks and payments firms developing stablecoins with the launch of EURR, a euro-pegged stablecoin.

EURR will initially be available to eligible customers in Denmark, Poland and Portugal, with Revolut planning to expand access to other European Economic Area markets later in 2026.

The token will be integrated into Revolut’s app, allowing users to move between euros and crypto on-chain. The company said EURR is the first step in a broader stablecoin strategy that will eventually include tokens linked to other currencies.

Revolut said:

EURR is Revolut’s first stablecoin: designed to maintain a value of €1.00, and backed by reserves held and managed by our EU-licensed issuer, Bridge, in accordance with MiCA regulations.

EURR will give eligible customers an on-chain rail to move more easily between euros, crypto, external wallets, and supported blockchain networks.

The launch comes barely two months after the company delisted USDT and disabled deposits and transactions of the stablecoin on the platform over regulatory and risk concerns.

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The move comes as stablecoins continue to gain traction among traditional financial institutions, with potential use cases in cross-border payments, business transactions and tokenized markets drawing growing interest. For Revolut, launching a euro-backed token inside an existing consumer app also gives it a way to test whether stablecoins can be used as a routine payments rail rather than only as a trading instrument.

EURR is issued by Bridge, a Stripe-owned stablecoin infrastructure company, and is designed to comply with Europe’s MiCA framework.

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Revolut’s entry also highlights increasing competition in euro-denominated stablecoins, a market still dominated by dollar-linked tokens. Circle’s EURC remains an established competitor, while other European banks and financial groups are also developing euro stablecoins. That competition matters because the euro stablecoin segment is still relatively small compared with dollar-pegged assets, leaving room for issuers that can combine compliance, liquidity and distribution.

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For Revolut, the main advantage is distribution: its existing consumer app gives the token immediate access to a large customer base, potentially making stablecoins part of everyday financial activity rather than a product confined to crypto exchanges.