Woofun AI reports that Revolut has initiated the rollout of EURR, a euro-pegged stablecoin issued by Bridge Building S.A., to customers in Denmark, Poland, and Portugal. This launch, confirmed to Cointelegraph, marks the company's first native stablecoin offering, replacing Tether's USDT in the European Economic Area (EEA) and Switzerland as part of a phased expansion. The token is backed by reserves managed by Bridge, the stablecoin infrastructure arm of Stripe, ensuring compliance with Markets in Crypto-Assets (MiCA) regulations.

The withdrawal of Tether's USDT from the EEA and Switzerland is scheduled for completion after Aug. 31, with remaining balances converted into customers' base currencies. This transition aligns with Revolut's commitment to MiCA compliance, a regulatory framework governing crypto-assets in the European Union. The phased rollout will extend to other EEA markets later this year, contingent on product, operational, and regulatory readiness.

Structurally, this move eliminates reliance on non-compliant assets while maintaining liquidity for users.

EURR is designed to maintain a value of one euro, with reserves held and managed by Bridge in accordance with EU MiCA rules. Revolut Digital Assets Europe offers the token, which is integrated into the retail app and supported across multiple blockchain networks. Users can transfer EURR to external wallets, enhancing interoperability. Per Woofun AI, the technical architecture ensures seamless integration with existing Revolut services while adhering to strict reserve management standards.

This launch represents the first step in Revolut's broader stablecoin strategy, with plans to develop tokens denominated in other currencies through separate regulatory pathways. The company has not specified which additional currencies are under consideration. This marks a significant shift toward regulated stablecoin adoption in Europe, setting a precedent for future multi-currency expansions.