Revolut EURR is the euro stablecoin distributed by Revolut and issued by Bridge Building S.A., a Luxembourg-authorised e-money institution owned by Stripe's Bridge (Revolut, Bridge reserves). Public offer began on 2026-08-20 in Denmark, Poland, and Portugal, with €374 in circulation on the Bridge reserves dashboard at launch (Finance Magnates, Bridge reserves). EURR is live on Ethereum and Polygon, backed 100% by cash held at credit institutions, and redeemable at par through Bridge's redemption portal (Bridge reserves). This article covers what EURR is, why the Stripe-Bridge issuance layer under it matters for institutional readers, and how EURR sits alongside EURC, EURCV, and EURAU.
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EURR is a euro-denominated e-money token authorised under the EU Markets in Crypto-Assets Regulation (MiCA). The issuer is Bridge Building S.A. (LEI 254900MVWQXMF77YZP65), registered at 33 Boulevard Prince Henri, 1724 Luxembourg, and authorised by the CSSF as a crypto-asset service provider and electronic money institution (MiCA Watch). ESMA and CSSF received the MiCA EMT notification on 2026-07-23 (MiCA Watch). The distributor is Revolut Digital Assets Europe Ltd (Cyprus, CySEC MiCA CASP001/25), which surfaces EURR inside the Revolut app for eligible users (Revolut). The whitepaper is published at reserves.bridge.xyz.
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On Ethereum, EURR trades at contract 0x8e9c32A536Ab623a2e0e9961BcE6F5fe7504e084, and on Polygon at 0x11b20f798b70df2201D8F550ADDcc3378b33dd4A (Bridge reserves). Redemption at par runs through redeem.bridge.xyz. Bridge's public reserves page reports 100% of backing held in cash at credit institutions, with circulation and reserve composition updated on a rolling basis (Bridge reserves).
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The visible headline is that Revolut launched a euro stablecoin. The structural story is that Stripe's Bridge Building S.A. issued it. Bridge already issues MGUSD for another consumer brand under the same pattern: a bank or fintech puts its name on the front, Bridge holds the MiCA licence and the reserves on the back (MiCA Watch). That makes Bridge one of the few institutions positioned as a MiCA-authorised issuance-as-a-service layer for euro EMTs, sitting behind consumer-facing brands rather than competing with them for shelf placement.
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For institutional readers, the design signal is that the balance sheet, the audit trail, and the redemption pipe are all Bridge, and Bridge is Stripe. The consumer brand contributes distribution and KYC. Any treasury or payments team evaluating EURR is really evaluating Bridge's reserves, its Luxembourg regulatory posture, and Stripe's operational discipline. That is a shorter counterparty diligence path than most euro EMTs because Stripe already operates at global payment-processor scale (Stripe on Bridge).
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Retail access runs through the Revolut app in Denmark, Poland, and Portugal at launch, subject to Revolut's MiCA CASP flow (Revolut). Users hold EURR balances inside Revolut or move tokens on-chain to a self-custody wallet on Ethereum or Polygon at the contract addresses above. Redemption at par is handled by Bridge through redeem.bridge.xyz, which routes euro payouts to a bank account. Institutional flows sit outside the Revolut app: EURR redemption at par is the Bridge counterparty relationship, not the Revolut one.
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Four MiCA-authorised euro EMTs matter most in a treasury shortlist today. The table below is a starting comparison; the full euro EMT list lives in Eco's MiCA-compliant stablecoin list.
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Three practical distinctions: reserves posture, chain coverage, and distribution. EURC covers the most chains and has the deepest DEX liquidity today. EURCV is the wholesale-bank issuance, backed by a G-SIB balance sheet. EURAU is the German bank-and-market-maker consortium play. EURR is the newest and the smallest by circulation, but sits on the Stripe-Bridge stack, which is the newest euro EMT distribution channel to reach live consumer flows (Bridge reserves, Circle, SG-FORGE, AllUnity).
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The near-term institutional use cases for EURR mirror the wider euro EMT set: euro-denominated treasury balances that settle 24/7, cross-border movement between EU counterparties without SEPA Instant coverage gaps, and programmable payouts on-chain. SEPA Instant remains the dominant euro instant-payment rail for domestic use inside the EU, but it does not clear on public blockchains and does not offer programmable settlement, which is where EMTs like EURR compete. A treasury team choosing between EURR, EURC, EURCV, and EURAU is choosing on which chains are supported, counterparty diligence path, redemption liquidity, and secondary-market depth today, not on payment finality (all are MiCA EMTs and all redeem at par).
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The MiCA context also reframes Revolut's own USDT decision. Revolut is delisting USDT for EU users under MiCA compliance pressure, and EURR is the euro replacement Revolut is putting in front of those users. That is why the €374 launch circulation number matters less than the distribution surface it plugs into: every Revolut EU user in the eligible countries is one KYC step away from holding a Stripe-Bridge-issued euro EMT.
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Three trackable items for the next 90 days. First, whether Bridge Building S.A. announces additional partner brands beyond Revolut and the MGUSD consumer brand, which would confirm the issuance-as-a-service thesis. Second, whether Revolut expands EURR beyond Denmark, Poland, and Portugal into larger Revolut EU markets (France, Germany, Spain, Ireland), which drives the circulation trajectory. Third, whether Bridge publishes deeper reserves attestations on reserves.bridge.xyz, especially independent auditor sign-off on the 100% cash-at-credit-institutions claim. The Bridge reserves dashboard is the single canonical source for EURR circulation and reserve composition; watch it rather than press coverage.
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Bridge Building S.A., a Luxembourg-authorised e-money institution owned by Stripe's Bridge, issues EURR. Revolut Digital Assets Europe Ltd distributes it to eligible users in the Revolut app under CySEC MiCA CASP001/25 (Revolut, MiCA Watch).
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Ethereum and Polygon at launch, at contracts 0x8e9c32A536Ab623a2e0e9961BcE6F5fe7504e084 (Ethereum) and 0x11b20f798b70df2201D8F550ADDcc3378b33dd4A (Polygon) (Bridge reserves).
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Eligible Revolut users in Denmark, Poland, and Portugal can hold EURR inside the Revolut app at launch (Revolut). On-chain holders can send EURR to a self-custody wallet on Ethereum or Polygon at the published contracts.
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Redemption at par is handled by Bridge Building S.A. through redeem.bridge.xyz, which routes euro payouts to a bank account. Retail redemption inside the Revolut app follows Revolut's CASP flow.
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No. StablR Euro also uses the ticker EURR and is issued by StablR under Malta MFSA supervision at Ethereum contract 0x50753cfaf86c094925bf976f218d043f8791e408. Bridge and StablR are separate issuers, and the two EURR tickers should not be confused in on-chain flows or listing decisions.
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€374 at public launch on 2026-08-20 according to the Bridge reserves dashboard (Finance Magnates, Bridge reserves). Circulation updates in near real time on Bridge's public reserves page.
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Revolut EURR launch post (revolut.com). Bridge reserves and contract addresses (reserves.bridge.xyz). Bridge MiCA EMT whitepaper (whitepaper PDF). ESMA and CSSF MiCA notification for Bridge Building S.A. (micawatch.com). Finance Magnates on €374 launch circulation (financemagnates.com). Stripe on the Bridge acquisition (stripe.com). Circle EURC (circle.com, developers.circle.com). SG-FORGE EURCV (sgforge.com). AllUnity EURAU (allunity.com).
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Bridge Building S.A. and Bridge.xyz: Stripe's Two Faces. The Bridge issuance stack. MGUSD and the bank-brand issuance pattern. MiCA-compliant stablecoin list. EURC explained.
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