Revolut launched EURR, a euro-backed stablecoin, and it’s already live for select customers in Denmark, Poland, and Portugal. The token runs on the Ethereum network and lets users move money between fiat, crypto, and external wallets without jumping through hoops.
Worth knowing upfront: Revolut isn’t the one minting EURR. That job belongs to Bridge Building, a company owned by Stripe. Revolut keeps control of the distribution side — the app, the interface, the customer relationship — while Bridge handles the actual coin issuance. It’s a clean split, basically. Revolut gets stablecoin exposure without having to run the infrastructure that keeps a coin properly backed and compliant. And given how much regulatory scrutiny euro-denominated stablecoins attract under MiCA, that’s probably a smart call. The company says it plans to roll EURR out to more markets, though no timeline or country list was shared.
Not stopping at euros, either.
Sterling Stablecoin and the FCA Sandbox
Revolut is also working on a pound-backed stablecoin in the UK. That project sits inside the Financial Conduct Authority’s Regulatory Sandbox, which gives the company room to test the thing before any full-blown launch. The sterling stablecoin is designed to hold a 1-to-1 peg with the pound, with reserves held in GBP. No launch date yet. Unclear whether Bridge Building is involved on the issuance side for this one too — the source didn’t specify.
The sandbox setup matters. UK stablecoin regulation is still taking shape, and testing inside an FCA-controlled environment means Revolut can work out the kinks while staying on the right side of whatever rules eventually land. It’s a cautious move, but it fits the pattern.
On the European regulatory front, Revolut locked down a CASP license from Cyprus’ CySEC under MiCA. That license covers custody, transfers, and crypto asset exchanges — pretty much the full stack of what a crypto-friendly fintech needs to operate across the EU. MiCA has been the big framework reshaping how companies like Revolut position themselves in Europe, and getting that CySEC approval gives Revolut a solid base to work from.
Revolut X Targets Active Traders With 300-Plus Tokens
Separate from the stablecoin push, Revolut has been building out Revolut X, a trading platform aimed at users who want more than the basics. Market orders, limit orders, access to over 300 tokens — it’s geared toward people who actually know what they’re doing. There’s also an API, so traders can automate strategies rather than sitting in front of a screen all day. Casual users keep using the main app. Revolut X is its own environment, which keeps things from getting messy.
Staking is in the mix too. Revolut offers staking on several networks, Ethereum and Solana among them. Rewards vary depending on network conditions, and some assets come with lock-up periods — so it’s not always as simple as just clicking a button and watching yield roll in. But for crypto holders who want their assets doing something while they sit, it’s another layer of utility.
The Crypto Card rounds out the picture. Customers can spend digital assets directly, which bridges the gap between holding crypto and actually using it day-to-day. Buying, selling, holding, transferring, spending — all inside the same app. That kind of seamless loop is what Revolut has been building toward for a while now.
US Banking Approval and UAE Expansion
The US chapter is getting real. Revolut received conditional approval to form Revolut Bank US, N.A., with headquarters set for Connecticut. Full launch is planned, though it still needs sign-off from the FDIC, the Federal Reserve, and the OCC. That’s a lot of regulators to satisfy, and conditional approval is a long way from operational. Still, it’s a meaningful step for a company that’s been trying to crack the American market for years.
In the UAE, Revolut secured in-principle approval from the Virtual Assets Regulatory Authority — VARA — in July 2026. That covers brokerage, management, and crypto asset exchanges. In-principle means it’s not a final license, so Revolut can’t flip a switch and start serving UAE customers tomorrow. But it gets the foot in the door.
The broader picture here is a company that’s genuinely trying to stitch crypto into the fabric of traditional banking. Stablecoins, trading platforms, staking, a crypto card, bank charters, sandbox tests — it’s a lot of moving parts. And the Bridge Building arrangement for EURR is interesting specifically because it lets Revolut scale stablecoin distribution without owning the messy compliance burden of being the issuer. Stripe’s infrastructure backing Bridge is no small thing.
Stablecoin adoption across Europe has been climbing steadily since MiCA came into force, and euro-denominated tokens have been particularly active given the regulatory clarity the framework provides. Revolut is moving fast to grab share before the space gets more crowded.
The Cyprus CASP license covers the EU footprint. The FCA sandbox covers the UK. VARA covers the UAE. And the OCC process covers the US — eventually. Revolut is playing all four boards at once.
EURR is currently live in Denmark, Poland, and Portugal.
Frequently Asked Questions
Who actually issues Revolut’s EURR stablecoin?
Bridge Building, a company owned by Stripe, issues EURR. Revolut handles distribution and the user-facing experience through its app.
What is the status of Revolut’s US banking license?
Revolut received conditional approval to form Revolut Bank US, N.A., based in Connecticut, but still needs final approval from the FDIC, Federal Reserve, and OCC before launching.
Why It Matters
The launch of EURR by Revolut marks a significant step in the integration of stablecoins into everyday financial transactions in Europe, reflecting a growing trend among fintech companies to leverage blockchain technology for enhanced payment solutions. By facilitating seamless transfers between fiat and crypto, EURR could attract users seeking greater flexibility and efficiency in managing their assets, while also positioning Revolut competitively in the expanding stablecoin market. Additionally, the collaboration with Bridge Building signifies a strategic partnership model that may influence how other financial services approach stablecoin issuance and management.
