Euro-pegged stablecoin EURR, launched by Bridge, saw its market capitalization surge by $665,300 within a single 24-hour period. The token supply expanded from 374 to 1.67 million in under two weeks, indicating rapid adoption. Operating on Ethereum and Polygon while complying with the EU’s MiCA framework, EURR maintains a 1:1 backing with euro-denominated cash held at regulated credit institutions. Bridge, a Stripe subsidiary acquired for $1.1 billion in February 2025, partnered with Revolut to distribute EURR in Denmark, Poland, and Portugal. The Revolut connection gives EURR immediate access to a large user base as the fintech platform migrates its EEA customers away from USDT, providing a significant edge over competitors like Circle’s EURC.
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