Revolut Tests EURR Across Three European Markets

Revolut has started testing its first euro stablecoin, EURR, while the European Central Bank has set out stronger privacy protections for a possible digital euro. The two products use very different structures, but both target a growing market for digital euro payments.

Good to Know

• Revolut is rolling out EURR in Denmark, Poland and Portugal.
• The ECB plans a digital euro pilot for the second half of 2027.
• MiCA compliant euro stablecoin market value reached about $674 million in June 2026.

Revolut EURR Starts European Rollout

EURR is designed to track €1 and initially runs on Ethereum. Bridge Building S.A., part of Stripe owned Bridge, issues the token, while Revolut distributes it through its app.

Bridge holds MiCA and electronic money licences in Luxembourg, giving EURR a regulated route across the EU. Revolut plans wider EEA access later in 2026.

The launch comes as euro stablecoins grow under MiCA. A Decta study found combined market value across eight compliant euro tokens rose 128% from $295.6 million in June 2025 to $673.9 million in June 2026.

ECB Sets Privacy Rules for Digital Euro

ECB Executive Board member Piero Cipollone said offline digital euro payments would keep transaction details between the payer and recipient. For online payments, banks would still handle identity checks and anti money laundering requirements, but the Eurosystem would not directly identify users.

The ECB aims to begin a 12 month digital euro pilot in the second half of 2027, with possible issuance around 2029 if EU legislation is completed.

A digital euro would differ from EURR and other stablecoins because it would represent central bank money rather than a private issuer liability.