Revolut has introduced its euro-pegged stablecoin, EURR, on Ethereum and Polygon, with a circulating supply of roughly 251,000 tokens and a market cap of about $290,000. The stablecoin is initially being offered to around 2 million users in Denmark, Poland and Portugal. Issued by Luxembourg-based Bridge Building S.A., EURR operates under the EU's MiCA framework. Revolut is also phasing out USDT across the European Economic Area and Switzerland to stay compliant, with plans to expand blockchain and external wallet support.
Revolut has launched its euro-denominated stablecoin, EURR, marking its entry into the European stablecoin market. The token is now live on both Ethereum and Polygon, with a circulating supply of approximately 251,000 units and a market capitalization of roughly $290,000.
Initial availability targets around 2 million users in Denmark, Poland and Portugal. The stablecoin is issued by Bridge Building S.A., a Luxembourg entity, and is subject to the European Union's MiCA regulation.
In line with its compliance push, Revolut is gradually delisting USDT across the European Economic Area and Switzerland. The company also said it plans to support additional blockchains and external wallet integrations in the future.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
