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Revolut Joins Global Stablecoin Race With Euro-Backed Token

Revolut Ltd. joined the rush among global banks and payment firms to roll out stablecoins, a bet that digital money will gain a greater role in everything from cross-border payments to business transactions. The stablecoin, called EURR, is pegged to the euro and will be available initially to eligible customers in Denmark, Poland and Portugal, Revolut said in a statement on Wednesday. It called EURR “the first step” in its broader stablecoin strategy, which will include tokens linked to other cu...

Read more at bloomberg.com

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