Revolut has begun a phased rollout of EURR, its first euro-denominated stablecoin, opening access on August 26 to eligible customers in Denmark, Poland and Portugal—markets covering roughly 2 million users inside an app serving more than 80 million people—with broader European Economic Area availability expected before the end of 2026. The MiCA-compliant electronic money token is maintained 1:1 with the euro and legally issued by Stripe-owned Bridge Building S.A., while Revolut distributes it through its retail app and Revolut X on Ethereum and Polygon. The launch coincides with Revolut’s planned removal of USDT from EEA and Swiss accounts by August 31, making EURR a potential replacement for affected users. Circle’s EURC remains the leading euro stablecoin: newer market data puts its capitalization at roughly $526 million and market share at approximately 63% of a sector worth about €650 million by mid-2026, although earlier figures cited around $455 million of supply within a roughly $772 million euro-pegged market and circulation near €394 million. Analysts remain divided, with Scott Melker questioning whether euro tokens can compete with dollar stablecoins and former Bridge CEO Zach Abrams arguing that non-USD stablecoins will be important for local settlement, collateral and foreign exchange as finance becomes more tokenized.