Revolut to launch EURR stablecoin in push to expand crypto payments

Revolut, the fintech giant with more than 70 million customers, is no longer content just letting people buy and sell other companies’ tokens. It wants to mint its own money. The company has announced plans to launch stablecoins, starting with a pound-sterling-pegged token currently being tested inside the UK Financial Conduct Authority’s regulatory sandbox. The move puts Revolut squarely in a race alongside traditional banks and crypto-native firms to dominate the next generation of digital payments infrastructure. From sandbox to settlement rails Revolut was selected for the FCA’s stablecoin sandbox cohort on February 25, 2026, with testing kicking off in Q1 of this year. The GBP-pegged token is designed to handle issuance, payments, wholesale settlement, and crypto trading, essentially covering every use case that matters. The token will be backed 1:1 by reserves held in pounds. Testing is focused on how the token functions within the Revolut app and how it transfers across public blockchain networks. The timing isn’t accidental either. Revolut secured a full UK banking license in March 2026, giving it the regulatory credibility to operate as more than just a fintech with a slic...