Revolut: Launches Euro stablecoin EURR, initially covering Denmark, Poland, and Portugal

According to Bloomberg, the fintech company Revolut has launched a euro-pegged stablecoin EURR, which will initially be available to eligible customers in Denmark, Poland, and Portugal.

Revolut stated that EURR is the "first step" in its stablecoin strategy, with plans to launch tokens pegged to other fiat currencies in the future to expand the application of digital currencies in cross-border payments and corporate transaction scenarios.