Revolut Launches Euro Stablecoin With Only EUR 374 in Circulation
Revolut launched EURR, a euro-backed stablecoin issued by Stripe-owned Bridge, on August 20, according to regulatory documents. Bridge's reserve dashboard showed only 374 tokens in circulation and EUR 374 in cash reserves. The dashboard was last updated Tuesday evening. That supply is less than one-millionth of Circle's EURC circulation, but it turns Revolut's previously disclosed stablecoin plan
Revolut launched EURR, a euro-backed stablecoin issued by Stripe-owned Bridge, on August 20, according to regulatory documents. Bridge's reserve dashboard showed only 374 tokens in circulation and EUR 374 in cash reserves. The dashboard was last updated Tuesday evening. That supply is less than one-millionth of Circle's EURC circulation, but it turns Revolut's previously disclosed stablecoin plan
Source: Finance Magnates