Revolut Euro (EURR) Pre-launch Stablecoin Tracker
EURR
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Full launch status and history
EURR is live, not forthcoming. Pharos tracks it pre-launch only because it is not yet admissible to runtime data. Revolut launched the token on August 26 2026 as the first product of its stablecoin programme, in euro rather than the dollar or sterling tokens it had been expected to ship first. The issuer of record is Bridge Building S.A., the Luxembourg entity of Stripe-owned Bridge, holding an EMI licence and MiCA authorisation from the CSSF; Revolut Digital Assets Europe Ltd distributes the token under its own CySEC MiCA licence. This is a third-party issuer relationship, not in-house issuance from Revolut's Lithuanian EMI as earlier reporting had assumed. The token is an ERC-20 at 0x8e9c32a536ab623a2e0e9961bce6f5fe7504e084 on Ethereum (6 decimals, name "Revolut Euro"), with a second deployment on Polygon at 0x11b20f798b70df2201D8F550ADDcc3378b33dd4A holding 3 EURR, and Solana, Arbitrum, Optimism, Avalanche, Injective, TON, and Sui listed as intended networks in the MiCA white paper. That white paper set the public offer start at August 20 2026, six days before the app rollout. Rollout is phased, reaching Denmark, Poland, and Portugal first with wider EEA availability targeted later in 2026, and Revolut charges no spread or fee on euro-to-EURR conversion. Supply grew from 366 EURR to 250,957 EURR in the first two days, held flat through August 31, then rose again through the first week of September to 1,671,782.16 EURR (about $1.94M) on September 6 2026, and has since moved less than 2,000 EURR: 1,674,912.63 on September 12 and 1,676,863.60 on September 27. DefiLlama began tracking EURR as stablecoin id 436 on August 27 2026 and now carries that supply, but its price field is null. CoinGecko's revolut-euro has since picked up the Ethereum contract mapping and the matching total supply, yet it remains a preview listing returning no price and no market cap, /simple/price returns an empty object, and coins.llama.fi resolves neither the contract nor the CoinGecko id. Supply is measurable; no accepted source returns a fetchable price, so Pharos holds EURR pre-launch until a price path exists. Bridge's reserve page (reserves.bridge.xyz/eurr, updated September 27 2026) reports 1,676,867 EURR outstanding against EUR 1,676,867 of reserves held entirely as cash deposits at credit institutions; custodian names and an independent attestation remain unpublished.
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Euro
- Jurisdiction
- Luxembourg (CSSF (MiCA / EMI issuer) with CySEC-licensed distribution by Revolut Digital Assets Europe)
Launch Timeline
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Bridge reserve page reports 1,674,916 EURR fully backed by cash deposits
Bridge's live EURR reserve disclosure shows 1,674,916 EURR outstanding against EUR 1,674,916 of reserves, 100% in cash deposits at credit institutions and 0% in highly liquid financial instruments, with redemption routed through redeem.bridge.xyz. Supply has been effectively flat since September 6 2026 (1,671,782 to 1,674,913 EURR). No fetchable price path exists yet.
SourceRevolut completes removal of Tether USDt from European retail alongside the EURR rollout
Revolut finishes the phased withdrawal of USDt for European retail customers that began in July 2026 with a purchase freeze and deposit block, leaving MiCA-compliant tokens including its own EURR as the euro-stablecoin option on the platform.
SourceDefiLlama begins tracking EURR with no price field populated
DefiLlama adds EURR as stablecoin id 436 (peggedEUR, fiat-backed). Circulating supply rises from 366 EURR to roughly 250,957 EURR within two days, matching the on-chain total supply of the Ethereum deployment. The listing reports a null price, and CoinGecko's revolut-euro entry remains a preview listing, so no fetchable price path exists.
SourceRevolut launches EURR on Ethereum, issued by Stripe's Bridge under MiCA
Revolut ships the first token of its stablecoin programme as the euro-denominated EURR, phased to customers in Denmark, Poland, and Portugal with wider EEA availability planned later in 2026. Bridge Building S.A. is the issuer of record under a Luxembourg EMI licence and MiCA authorisation from the CSSF, with Revolut Digital Assets Europe Ltd distributing under its CySEC MiCA licence. Support for Solana, Arbitrum, Optimism, Avalanche, Injective, TON, and Sui is planned, and Revolut applies no spread or fee on euro-to-EURR conversion.
SourceEURR deployed on Polygon alongside Ethereum
Polygon Labs confirms the Polygon deployment at 0x11b20f798b70df2201D8F550ADDcc3378b33dd4A. On-chain supply on Polygon was 3 EURR on September 13 2026, so the Ethereum contract carries effectively all circulating supply.
SourceBridge's MiCA white paper sets the EURR public offer start at August 20 2026
The white paper, notified to ESMA on July 23 2026, names Bridge Building S.A. (CSSF EMI W00000024, CASP N00000012) as issuer and Revolut Digital Assets Europe Ltd as co-offeror through the Revolut app and Revolut X. Holders may redeem at par to an EEA IBAN within two business days at no fee. The paper lists Ethereum, Polygon, Solana, Arbitrum, Optimism, Avalanche, Injective, TON, and Sui as intended networks.
SourceThe Neobank That Rented Its Own Coin
EURR is live, and Pharos tracks it pre-launch anyway. Revolut launched it on August 26 2026 as the first product of a stablecoin programme long assumed to be arriving in dollars or sterling, phased into Denmark, Poland, and Portugal with the rest of the EEA promised later in the year. The structural surprise is the issuer: Bridge Building S.A., the Luxembourg arm of Stripe-owned Bridge, holds the EMI licence and MiCA authorisation from the CSSF, while Revolut Digital Assets Europe distributes under its CySEC permission. Europe's biggest neobank built the distribution and outsourced the balance sheet. EURR also arrived as Revolut finished pulling Tether's USDt from European retail on August 31, so the euro rail it removed and the euro rail it added are the same shelf. Supply went from a few hundred tokens at launch to more than a million within two weeks, then stalled at about 1.67 million EURR through mid-September; the Polygon deployment holds three tokens. Bridge's reserve page is the first disclosure of what stands behind the token: reserves equal to supply, held entirely as cash deposits at credit institutions, redeemable at par to an EEA IBAN within two business days. Custodian names and an independent remain unpublished, and no accepted price source resolves the token, which is why it sits here rather than in the tracked set. A stablecoin distributed by a bank, issued by a payments company, and priced by nobody is a fair snapshot of where regulated euro tokens currently are.
Updated
Discover
Revolut launches euro-backed stablecoin EURR
Revolut's first stablecoin ships in euro on Ethereum, issued by Stripe's Bridge under MiCA and phased to Denmark, Poland, and Portugal.
Revolut Launches Euro Stablecoin EURR as It Cuts Off Tether Across Europe
Details the Bridge Building S.A. issuer structure and CSSF licensing, alongside Revolut's completion of its USDt withdrawal from European retail by August 31 2026.
Revolut Euro (EURR) reserve disclosure
Bridge's live reserve page: EURR outstanding, reserve total, asset composition, contract addresses, and redemption portal.
EURR MiCA white paper (July 2026)
Issuer identity, co-offeror, redemption terms, and intended networks as notified to ESMA.
Links
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