The cryptocurrency market: Revolut introduces Euro stablecoins
With the stablecoin EURR, British digital bank Revolut wants to simplify digital payments. Initially, the token is available to customers in three European countries.
Revolut, a British digital bank, has introduced a euro-pegged stablecoin called EURR, marking its entry into the growing market of stablecoins. The token will initially be available to customers in Denmark, Poland, and Portugal, with plans to expand to other European Economic Area markets later this year. Revolut's stablecoin strategy includes tokens pegged to other currencies, and the EURR will be integrated into its app, allowing customers to switch directly between euros and cryptocurrencies.
The move follows other global banks and payment service providers, such as Visa and Klarna, which have announced stablecoin initiatives.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
