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Britain’s largest fintech company, Revolut, has announced the launch of EURR, a stablecoin pegged to the euro. Initially, the token will be available only to users in three European Union countries: Denmark, Poland, and Portugal.
EURR is issued by Bridge, a company owned by the American fintech giant Stripe, one of the world’s largest payment infrastructure providers. Bridge is responsible for holding reserve assets and managing the token to ensure price stability.
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By the end of the year, Revolut promises that EURR will become available to customers in other markets within the European Economic Area. The stablecoin can be bought and sold for euros via the Revolut app.
The Qivalis consortium of European banks is currently negotiating with cryptocurrency exchanges and liquidity providers to launch its own euro-pegged stablecoin. The listing is scheduled for the second half of the year. The most likely venue is the Spanish crypto exchange Bit2Me, which holds a license to serve clients from any EU country under the Markets in Crypto-Assets (MiCA) regulation.
Previously, Dune analysts calculated that the supply of local stablecoins pegged to national currencies other than the US dollar reached $1.1 billion, marking a 70% increase from January 2023 to February 2026. The total volume of transfers during this period grew by 1,600%, rising from $600 million to $10 billion. Euro-pegged stablecoins, particularly Circle’s EURC, have become the market leaders, accounting for more than 80% of market capitalization and approximately 85% of transfer volume.
