Revolut Launches Euro Stablecoin EURR, Plans Expansion to the European Economic Area
Revolut has launched the euro stablecoin EURR, initially targeting qualified users in Denmark, Poland, and Portugal, with plans to expand to other markets in the European Economic Area within the year. EURR will be integrated into the Revolut app, allowing users to freely convert between euros and on-chain crypto assets. Revolut stated that EURR is the first step in its broader stablecoin strategy, with plans to introduce tokens pegged to other currencies in the future. EURR is issued by Bridge, a stablecoin infrastructure company under Stripe, which manages the reserve assets.
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