Revolut begins EURR rollout as ECB details digital euro privacy safeguards

The European Central Bank has strengthened its privacy commitments for a potential digital euro as Revolut has begun rolling out its first euro-backed stablecoin, EURR, to selected customers across three European markets. Summary Revolut has begun rolling out its EURR euro stablecoin to eligible users in Denmark, Poland and Portugal. EURR is issued by Stripe owned Bridge and initially runs on Ethereum, with wider EEA availability planned. The ECB says its digital euro would provide the highest privacy level current technology can support. Offline digital euro payments would remain visible only to the payer and recipient, while banks would retain information required for compliance. The digital euro remains under development as regulated euro stablecoins continue expanding under MiCA. Forbes reported that the two projects are developing on separate tracks, with the digital euro designed as central bank money while EURR is a privately issued stablecoin intended to maintain a value of one euro. Digital euro privacy would limit ECB access to user identities ECB Executive Board member Piero Cipollone said the digital euro would offer the maximum level of privacy that existing technology...