3 Things to Know About Revoluts New Euro Stablecoin
Revolut began rolling out EURR, its first euro-denominated stablecoin, on August 26. The launch starts with selected customers in Portugal, Poland and Denmark, with wider EEA availability planned later this year. But for European users, the obvious question is why use EURR when Revolut already offers USDC — or when users can simply keep euros in their account? Three Things We Know About Revoluts New Stablecoin Revolut does not actually issue EURR.Bridge Building S.A., a Luxembourg-regulated company owned by Stripes Bridge, issues the token. Holders can redeem EURR with Bridge at €1 per token. Sponsored Sponsored Also, its clearest difference from USDC is currency exposure.USDC tracks the US dollar, so its value in euros moves with EUR/USD. EURR tracks the euro, letting users move euro-denominated value onto Ethereum or Polygon without first taking dollar exposure. However, this is still a tiny rollout.Bridges reserve page showed just 374 EURR in circulation at launch, backed by €374 in cash deposits. That makes EURR closer to a controlled pilot than an established rival to USDC. Note: Stablecoins have become the most in-demand product for banking platforms. In fact, 39 US banking groups are currently developing their own stablecoin network. What Revolut Still Hasnt Explained The biggest unanswered question is why the average Revolut