PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Revolut Unveils a Euro-Backed Stablecoin in Three Countries

By Wesley Grant
August 26, 2026
in Analysts Coverage, Digital Assets & Crypto, Stablecoins
0
0
SHARES
0
VIEWS
Share on LinkedIn
revolut stablecoin

U.S. dollars back nearly every stablecoin on the market, but there are signs that non-USD tokens are gaining traction.

In a notable development in this trend, UK-based fintech Revolut plans to debut its first euro-backed stablecoin, EURR, in Denmark, Poland, and Portugal. This is expected to be just the first phase in the firm’s broader European expansion for the stablecoin. Down the road, Revolut also plans to offer stablecoins pegged to other fiat currencies.

The EURR launch is facilitated by a subsidiary of Bridge, the stablecoin infrastructure firm that has significantly expanded its footprint since its landmark acquisition by Stripe.

The stablecoin will be fully integrated into Revolut’s retail app, and the platform is designed to give users the capability to seamlessly shift between euros and crypto. EURR will also be supported across multiple blockchains and crypto wallets.

Moving Beyond the Dollar

Despite euro-pegged stablecoins’ fractional market share, there is mounting demand for these solutions. According to a report by Visa and Dune, the non-USD stablecoin market reached $1.1 billion in February, tripling in just over three years.

More importantly, roughly half of these stablecoins were held in institutional and individual wallets, while about a quarter were held on centralized exchanges. This suggests that these non-USD tokens are being spent and not just held as savings or yield vehicles.

Drilling down further, Circle’s EURC accounted for over 90% of the non-USD transfer volume. The stablecoin recently topped €400 million in circulation, exemplifying the demand for euro-denominated digital assets.

A Non-USD Stablecoin Springboard

There are several factors behind the demand for euro stablecoins. The first is that the euro is used by more than 20 countries, and inefficiencies in cross-border payments have been a persistent pain point that European policymakers are still working to address.

Another factor is that the EU’s long-awaited central bank digital currency (CBDC), the digital euro, has been mired in red tape for years. By contrast, a euro-backed stablecoin is readily available and presents a compelling alternative to USD-backed stablecoins at a time when payments sovereignty has been top of mind for EU leaders.

However, one challenge to any digital assets venture in the EU has been the passage of the Markets in Crypto-Assets (MiCA) legislation. These rules have been praised as a much-needed framework for cryptocurrencies and stablecoins, but the recent compliance deadline also excluded many leading digital assets firms from operating in Europe.

For its part, Revolut stated that EURR was fully compliant with MiCA. Given the popularity of the platform—and its rapid global expansion—Revolut’s stablecoin could provide a compelling alternative for EU customers and a springboard for non-USD tokens.

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: BridgeEUEuro StablecoinMiCANon-USD StablecoinsRevolutStablecoins

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    ISO and ISV partnerships

    Building a Successful Payments Strategy: How ISOs and ISVs Can Drive Scalable Growth Together

    August 26, 2026
    ACH Network, credit-push fraud, ACH payments growth, ACH Network growth

    Despite Rapid Change, ACH Still Anchors the Payments Industry

    August 25, 2026
    virtual cards

    Virtual Cards Are Poised for a Banner Year in Commercial Payments

    August 24, 2026
    BNPL, BNPL for everyday expenses

    Hard Times, Easy Money: BNPL Now Finances Rent and Utilities

    August 21, 2026
    faster payments fraud prevention

    Beyond Compliance: Rewiring Fraud Prevention for Faster Payments

    August 20, 2026
    embedded finance for banks, instant payments

    Embedded Finance: Banks’ New Growth Channel

    August 19, 2026
    digital gift card experience

    How Leading Brands Are Building Better Digital Gift Card Experiences

    August 18, 2026
    AI fraud prevention for credit unions

    When AI Changes Fraud, Trust Becomes Everything

    August 17, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result