Revolut launched EURR, a euro-backed stablecoin, on Aug. 26, 2026, expanding its platform from a crypto interface into an integrated euro on-ramp and off-ramp for on-chain finance. The $115 billion fintech says the token connects its 80 million retail customers to blockchain-based markets, building on an existing crypto user base of 16 million. EURR is issued by Bridge Building S.A., a Luxembourg entity owned by Stripe, and distributed by Revolut through its CySEC-licensed subsidiary. Bridge holds MiCA CASP and EMI licenses supervised by Luxembourg’s Commission de Surveillance du Secteur Financier, with reserves maintained as cash at regulated banks in segregated accounts on a 1:1 basis. Revolut is also suspending USDT support for EEA users by Aug. 31, 2026, as MiCA Title V restricts licensed providers from offering unauthorized e-money tokens. EURR initially launched for eligible customers in Denmark, Poland and Portugal and is deployed on Ethereum and Polygon through separate smart contracts. The token enters a euro stablecoin market worth about €650 million, dominated by Circle’s EURC, while its shared ticker with Stablr’s existing token and fragmented liquidity remain challenges. Europe’s private stablecoin expansion is unfolding alongside the ECB’s separate digital euro project, which remains under development with a pilot planned for the second half of 2027 and possible issuance around 2029, subject to EU legislation.