RT Marc | Polygon Labs (💜,⚔️, ※) (@0xMarcB)Most stablecoins are still dollar-denominated. There's room for many non-dollar denominated.Revolut just gave more than 80 million customers a euro-native option in EURR, live on Polygon. ...

LATEST: ⚡ Revolut has begun rolling out its first stablecoin, euro-pegged EURR, to selected customers in Denmark, Poland and Portugal, with a broader EEA rollout planned later this year. https://t.co/5tL63cK7aX ...

Tbh tokenized stocks are boring but glad that onchain experiments are coming back to make them fun.@NetNetCap @stockripx @altdotfun @standard_rsv etc.Speculating on them will pump the metrics and Tradfi suits will see it as a tokenization PMF.Imagine Robinhood launching their L2 and no one shows up.Other tradfi companies would probably stop their efforts to crypto.Now more are joining with Revolut's EURR launching today.So let's speculate, pump up those metrics and earn some money while we bring the world o ...

Expanding access to locally-denominated stablecoins will accelerate global economic integration.Welcome to Ethereum, @Revolut.Ethereum Institutional (@ethereuminsti):Revolut, a leading fintech with 80 million customers globally, is launching a Euro stablecoin on Ethereum.Welcome to @Ethereum, EURR. https://t.co/APiBeu1rWd ...

LATEST: @Revolut launches $EURR, a euro-backed stablecoin initially available to eligible customers in Denmark, Poland and Portugal, as the fintech giant enters the stablecoin market with plans to expand to other currencies. https://t.co/qEMJCJOwem ...

Funny Revolut issues EURR in Poland that doesn't even use EUR as a currency lol ...

I use Revolut daily. But never deposit crypto to it.I imagine users swap EUR for EURR, move to DeFi to generate yield.Then deposit EURR+yield back to Revolut, they 'flag' your account and freeze funds.Requests for Source of Income docs. Even if you do it well, account can stay suspended for weeks."About 8% of crypto transfers get flagged for additional checks.""1 in 5,000 transfers leads to account closure after further review (less than 0.02%)."Technology is still limited by regulation, especially with rec ...

Market Dynamics - Fintech industry player Revolut launches euro-backed stablecoin EURR [1]