Revolut launches euro stablecoin in 3 EU markets

This marks a notable expansion of fiat-backed stablecoin competition beyond the dollar, directly targeting euro-denominated on-chain settlements. The multi-chain and external wallet support signals an intent to integrate with existing DeFi and payment rails rather than remaining a closed-loop product. The key watchpoint is whether broader EEA rollout proceeds smoothly amid evolving MiCA compliance, which could set a precedent for how regulated euro stablecoins operate. It also raises the question of whether other major fintechs will follow suit, potentially reshaping payment infrastructure in Europe.