Revolut announced the launch of its first euro-backed stablecoin called EURR, pegged at one euro per token. The product was issued by Bridge Building S.A., a MiCA-regulated crypto-asset service provider and electronic money institution overseen by Luxembourg’s CSSF. Revolut deployed the stablecoin through its subsidiary Digital Assets Europe Ltd, a MiCA-compliant crypto-asset service provider regulated by Cyprus’s CySEC. Eligible users can exchange digital euros between cryptocurrencies, external wallets and supported blockchain networks. This initiative positions Revolut for broader expansion across both the crypto ecosystem and traditional markets.
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