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.
8 Articles
8 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'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.
EURR is Revolut's first stablecoin, backed by MiCA-regulated reserves, and allows transactions between euros and crypto assets without leaving the platform. Revolut launched its first euro-backed stablecoin, EURR, this week, marking the fintech's official entry into the segment of digital assets denominated in European fiat currency. The product, issued by Bridge, a Stripe group company, is being rolled out in stages to eligible customers in Den…
The famous British Fintech Revolut integrates the current race to stablecoins by announcing the launch of the EURR token, backed by the euro. An operation presented as "the first step" of a broader strategy that could quickly concern other currencies. The article Revolut announces the launch of its first euro stablecoin (EURR) appeared first on Cryptoast.
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