Revolut EURR stablecoin reaches 2 million as ECB details digital euro

Revolut has begun rolling out EURR, its euro-backed stablecoin, to about 2 million customers in Denmark, Poland and Portugal, while the European Central Bank detailed strengthened privacy safeguards for a potential digital euro.

"We want EURR to reduce friction in moving money on and off-chain, building on Revolut's original focus on cheaper, faster currency exchange," Iman Olya, product owner for stablecoin at Revolut, said.

EURR is issued by Bridge Building S.A., the Luxembourg-based entity owned by Stripe, which acquired Bridge for $1.1 billion in February 2025. The token is pegged to €1 and backed by reserves held under MiCA requirements. It launches on Ethereum and Polygon, allowing transfers to external wallets. Revolut has more than 80 million retail customers globally, with over 16 million using its crypto services.

The rollout positions Revolut — with 40 million European customers — against Circle's EURC, which crossed €400 million in market cap in August. The ECB's privacy framework for a digital euro could reshape how euro-denominated digital money competes for payments, with implications for both stablecoin issuers and central bank digital currency adoption.

EURR's MiCA Structure

EURR is structured as an electronic money token under Europe's Markets in Crypto-Assets rules. Bridge operates as a regulated electronic money institution, holding and managing the reserves that back the token, while Revolut Digital Assets Europe provides access through its crypto platform. The token is designed to maintain a value of €1.

The initial rollout covers only three markets, with Revolut planning to expand across the European Economic Area later in 2026, subject to regulatory and operational readiness. The company has said more currency-denominated tokens are planned as part of a wider stablecoin strategy.

The launch is part of a broader crypto push at Revolut. In July, the company connected its Revolut X crypto exchange with third-party AI assistants including Claude, Gemini, OpenClaw and Cursor. In March, Revolut received approval from the UK Prudential Regulation Authority to launch Revolut Bank UK. In June, its US chief executive told Reuters that the company planned to offer stablecoin services through its proposed US bank alongside traditional banking products.

ECB's Digital Euro Privacy Push

The ECB's strengthened privacy commitments for a potential digital euro come as the central bank seeks to address concerns about surveillance in CBDC design. The safeguards would apply to a digital euro if the ECB proceeds with issuance, a decision that remains pending.

The two developments together represent a significant legitimization of euro-denominated digital currencies. For stablecoin issuers, the ECB's privacy framework could set expectations for how digital euro transactions are handled, potentially influencing how private stablecoins design their own privacy features.

The key test for EURR is whether it can move beyond the initial three markets and gain regular use among Revolut's customer base. With 80 million retail users globally, Revolut has a distribution network that could make EURR a meaningful competitor to established euro stablecoins — but initial volume and user uptake data are not yet available. Circle's EURC trades at $1.16, while the existing StablR Euro token trades at $0.72, according to CryptoRank data.

This article is for informational purposes only and does not constitute investment advice.