Revolut launches euro stablecoin EURR on Polygon

Revolut launched EURR, its euro-backed stablecoin, on Polygon, confirming Polygon as the chain hosting the fintech's fiat-backed digital euro. The move adds another regulated stablecoin issuer to the network, joining Polygon's broader push as a settlement rail for fiat-backed currencies and onchain payments.

• The announcement follows Polygon's focus on stablecoin conversion rails through its Open Money Stack.
• In the same update, Polygon noted it joined the Bank of England's digital pound initiative, extending its presence in institutional fiat-currency experiments.