Revolut has begun rolling out EURR, its first euro-backed stablecoin, to customers in Denmark, Poland and Portugal. Bridge Building S.A. issues and redeems the token, and Bridge's own reserve data show a far smaller supply than Circle's rival EURC.
Revolut has started offering EURR, a euro-backed stablecoin, to selected customers in three markets, with Bridge Building S.A. acting as issuer and redemption counterparty. Bridge Building is the legal issuer, while Revolut Digital Assets Europe Ltd serves as offeror and lists EURR for trading on the Revolut X platform.
The app, which serves more than 75 million customers, is being used to distribute the token, though EURR access is initially limited to eligible users in Denmark, Poland and Portugal. Revolut said users can move funds between euros, crypto, external wallets and supported blockchain networks. The company expects wider availability later this year and said more markets are set to follow, with stablecoins tied to other currencies also in development.
A regulated issuer with a small reported supply
EURR is structured as an e-money token under the European Union's Markets in Crypto-Assets framework. Luxembourg's Commission de Surveillance du Secteur Financier lists Bridge Building as an active electronic money institution authorized on June 29, 2026, and separately lists Bridge as an active crypto-asset service provider with custody, exchange and transfer permissions.
Tokenholders can redeem EURR at par against Bridge at any time, subject to applicable terms, and Bridge says funds received for EURR are safeguarded in segregated accounts at regulated credit institutions or invested in eligible, highly liquid euro-denominated instruments. Bridge identifies Ethereum and Polygon as the chains carrying EURR.
The reported supply, however, is modest. Bridge reported 374 EURR in circulation and €374 in reserve assets as of Aug. 25, with all of the backing held as cash deposits in credit institutions.
EURR trails Circle's EURC by a wide margin
By comparison, Circle reported €394.5 million of EURC in circulation as of Aug. 24, spread across Ethereum, Avalanche, Base, Cronos, Solana, Stellar and World Chain. Circle Internet Financial Europe SAS issues EURC under an electronic money institution license from France's Autorité de Contrôle Prudentiel et de Résolution, while Bridge carries the issuance and redemption role for EURR and Revolut supplies the brand and customer channel.
Source: The Defiant
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