Revolut Announces Roll-Out of Euro-Backed Stablecoin
The token is issued by Bridge and integrated into Revolut’s app as the company targets a broader European Economic Area launch later this year.
10 Articles
10 Articles
Revolut is launching a euro stablecoin into a market MiCA handed to an American company
Revolut is launching a euro-backed stablecoin, according to Bloomberg, entering a market that European regulation has spent two years accidentally consolidating around a single American issuer.The neobank is also one of the 36 firms the ECB picked for its digital euro pilot, which means it is now building the private euro token and helping test […] This story continues at The Next Web
Revolut Debuts Euro Stablecoin EURR in Denmark, Poland and Portugal
Revolut has launched its first stablecoin as part of plans to expand its cryptocurrency services. The euro-denominated token, called EURR, is designed to maintain a value of €1. It is issued by payments infrastructure provider Bridge and integrated into the Revolut app. Eligible customers can use EURR across supported crypto services, external wallets and blockchain networks. The token offers a euro-based alternative to stablecoins pegged to the…
Revolut's customers in Portugal, Denmark and Poland are the first to have access to the new ‘fintech' stablecoin, EURR, at a phased launch that should be extended to other European markets later this year.
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