Only one development indirectly related to Stripe occurred this period. Revolut launched EURR, a euro-pegged stablecoin issued by a Luxembourg-based entity owned by Stripe's Bridge. The product is in a small-scale pilot with minimal circulation, and its impact on Stripe's broader business remains limited.
- Revolut launched EURR, a euro stablecoin issued by Bridge Building S.A., a Luxembourg-based entity owned by Stripe's Bridge.
- EURR is pegged 1:1 to the euro and initially available to eligible users in Denmark, Poland, and Portugal, with plans to expand across the EEA.
- The stablecoin is integrated into Revolut's app, enabling on-chain euro-to-crypto transfers on Ethereum and Polygon.
- The pilot is very small, with only 374 tokens in circulation backed by €374 in cash deposits.