REVOLUT LAUNCHES EURO STABLECOIN EURR ON ETHEREUM

Summary from the TLDR Crypto newsletter

Revolut, the European neobank with 80 million customers globally, announced EURR, a Euro-denominated stablecoin deployed on Ethereum mainnet and targeted at European Economic Area users. The launch adds a high-distribution issuer to Ethereum's Euro stablecoin segment, which has lagged USD-pegged counterparts in adoption and liquidity depth. Revolut's entry follows the PayPal PYUSD model of a regulated fintech issuing its own stablecoin to capture payment flows onchain, and arrives as MiCA's stablecoin provisions create clearer issuance pathways across the EU. If Revolut integrates EURR into its core app for transfers and spending, its existing euro user base could drive adoption that reshapes Euro stablecoin market share on Ethereum.