Revolut's euro stablecoin goes live with 374 tokens in circulation

Revolut has started distributing a euro-denominated stablecoin, EURR, to a limited set of customers in Denmark, Poland and Portugal, according to CoinDesk, which cited an emailed announcement from the company on Wednesday. The plan is to fold the token into Revolut's retail apps more broadly; no date was given for that.

The branding is Revolut's, but the issuer is not. EURR is legally issued by Bridge, the payments firm Stripe acquired, which CoinDesk reports is authorised as an electronic money institution and supervised by Luxembourg's markets regulator — the structure that makes the token MiCA-compliant. Tokens are redeemable at face value against the issuer, with backing held in segregated accounts at regulated banks or invested in eligible, highly liquid euro-denominated instruments. There are separate smart contracts on Ethereum and Polygon.

The scale, so far, is essentially zero. Bridge's live reserve page showed 374 EURR outstanding against 374 euros of reserves, all held as cash deposits, at the time CoinDesk published. Revolut says it has over 80 million retail customers and more than 16 million crypto users — the distribution argument for why a mainstream euro stablecoin might matter, given that euro-pegged tokens account for under $800 million of a stablecoin market worth more than $300 billion, per DeFiLlama.

One housekeeping wrinkle: the EURR ticker is already in use by Stablr's euro stablecoin, which CoinDesk puts at a $6.4 million market cap. Neither firm has said how that gets resolved.

Key facts

• Rollout begins with select customers in Denmark, Poland and Portugal — Revolut's emailed announcement, via CoinDesk (26 Aug 2026)
• Issued by Bridge, owned by Stripe; EMI-authorised, supervised by Luxembourg's markets watchdog — CoinDesk
• 374 EURR in circulation against 374 euros of reserves, all cash deposits — Bridge's live reserve page, cited by CoinDesk
• Deployed on Ethereum and Polygon; redeemable at 1 euro — CoinDesk
• Revolut: 80M+ retail customers, 16M+ crypto users — Revolut, via CoinDesk
• Euro stablecoins: under $800M of a $300B+ market — DeFiLlama
• Revolut valued at $115 billion in an employee share sale last month — CoinDesk

The real-world read

A "mainstream push" with 374 tokens outstanding is a press release, not a market event. The distribution is real and potentially significant; the launch itself is a soft open in three small markets.

Note who carries the risk. Revolut's name is on the token, Bridge's balance sheet is behind it — redemption, reserve management and regulatory liability sit with Stripe's subsidiary, not the fintech whose 80 million customers are being cited as the upside. The 80M and 16M figures come from Revolut, describing Revolut.

Unsaid: when the broader app integration lands, what fees apply, and who earns the yield on reserves currently sitting as cash deposits. Also unaddressed is the ticker collision with an existing EURR. And CoinDesk's report says the project has been in development for nearly two years, having first surfaced in 2024 — a two-year build shipping at 374 units suggests the hard part was licensing, not demand.

Opinion, and whose

The framing that EURR gives euro stablecoins "a potential distribution channel far beyond crypto-native platforms" is CoinDesk's editorial read, not a measured outcome. Revolut has made no public forecast for adoption. No independent analyst estimate of EURR uptake has been published.

Sources

• CoinDesk (26 Aug 2026), "Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe" — the sole account here; it cites Revolut's emailed announcement, Bridge's public reserve page, and DeFiLlama for sector size. Secondary reporting; no independent corroboration of the rollout has surfaced yet.
• The CoinDesk page also carried a promotional module for "Anvil," an on-chain collateral product. That is sponsored marketing, unrelated to this story, and forms no part of the reporting above.

Nothing here is financial advice.