stablecoins @revolut • @rationalvc • https://teapawt.net/t.co/N90Es8Krdp
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Joined July 2011
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The mega 3-hour @rationalvc podcast episode on @nntaleb's classic masterpiece that is "The Black Swan", will be released tomorrow.
As with all of Professor Taleb's Incerto Series, this book was studied, not merely read.
A labour of love, this process included:
- 6 weeks of study of the text and its prologues / postscript essays
- detailed watching, re-watching and analysis of NNT's talks, lectures, interviews and videos on The Black Swan
- a whole day recording w/ @CyrusYari, which was followed by a delicious Lindy Ocakbaşı Turkish feast with our very own Ali Carpet (better known as Fat Tony's Iranian cousin, Tehran Tony)
- a mammoth editing process that took me c. 20 hours
We cover every chapter and discuss how our real-world learnings are reflected in Professor Taleb's teachings.
We will also share an essay on our findings, that you can subscribe to at rationalvc dot com.
I highly recommend watching/listening to our previous episode on the classic "Fooled by Randomness" before this one. Accessible on all platforms.
Iman retweeted
When platforms like Revolut bring Euro-backed stablecoins to Ethereum, they are choosing the network with the deepest liquidity, the most battle-tested security, and the most composable infrastructure.
The world’s institutions are choosing Ethereum. The choice is clear.
Congrats to @Revolut and @stablecoin.
Iman retweeted
Revolut, a leading fintech with 80 million customers globally, is launching a Euro stablecoin on Ethereum.
Welcome to @Ethereum, EURR.
Iman retweeted
Euro stablecoins are coming to @Revolut.
EURR is now rolling out, allowing eligible users to hold euro-denominated balances, move between euros and crypto, and send to external wallets on supported networks.
Issued on @Stablecoin's Open Issuance platform under our EMI license and MiCA CASP authorization.
Iman retweeted
Revolut launches EURR, a euro stablecoin issued by Bridge.
Stablecoins are set for a HUGE 2027.
Revolut announced EURR, a euro-pegged e-money token issued by Stripe-owned Bridge under MiCA and offered inside the Revolut app, with a phased rollout to eligible customers starting this month in Denmark, Portugal and Poland. It works across supported crypto services, external wallets and chains, and Revolut calls it the first of a suite of stablecoins in several currencies.
🧠 Every euro stablecoin combined is worth about $810m, and Circle's EURC is 65% of that. Dollar stablecoins are around $300bn.
🧠 Revolut holds $67.5bn of customer balances. If 1% of that moved into EURR, it would be the biggest euro stablecoin on day one and close to the size of the whole market.
🧠 Revolut anounced this week it trained its own foundation model and rented the stablecoin plumbing. That tells you what it thinks the moat is: 80m customers and their data stay in the building, and issuance is something you can buy from Stripe.
🧠 The timing is MiCA. Revolut had to pull USDT from the EU app by the end of August, and a regulated euro token arrives the same month.
🧠 "Without taking on US dollar exposure" is the pitch, and it's the origin story. The company that started with no-markup FX is now putting its multi-currency account on-chain: euros today, sterling already in the FCA sandbox, dollars when the US bank opens.
🧠 What I wonder about is why the first three markets are Denmark, Poland and Portugal, when two of them pay in kroner and złoty? My guess is this is aimed at expats, because European users already have 24/7 Euro access AND yield. The stable can't give yield.
🧠 Three announcements in 48 hours: 80m customers, a foundation model trained on them, and a stablecoin with its name on it. Customers, intelligence, settlement. That's what a global bank looks like when you build one from scratch in 2026.
🧠 Why this and not OpenUSD? These are not mutually exclusive things. Custom issuance gives you options over how you program something, and Revolut gets to collect its own yield here. Open stables have more liquidity and travel well in the open market.
Iman retweeted
Revolut is one of the most impressive company I know.
Can't wait to see how their EURO stablecoin will play out!
Iman retweeted
Glad to see more euro stablecoins entering the scene.
@Revolut is by far the fastest growing fintech in europe.
Them issuing a euro stablecoin is a clear validation that onchain rails is competitive advantage to offer better products while reducing cost.
Iman retweeted
.@stablecoin is issuing EURR, Revolut's first regulated euro-stablecoin.
Iman retweeted
this is a MASSIVE deal for Europe, one of the largest banks enters crypto and onchain with euro stablecoin 🔥
Today, Revolut is bringing euros on-chain 💶🇪🇺
We’re beginning the phased rollout of EURR, a euro-denominated stablecoin issued by Bridge, a Stripe company, and integrated into Revolut.
Stablecoins have the potential to support broader use cases beyond trading, and EURR is our first step in making euro-denominated stablecoins more accessible through products customers already use.
EURR gives eligible customers an on-chain option for moving between fiat, crypto, external wallets and supported blockchain networks and a way to use euro-denominated value on-chain.
This is the first step in our broader stablecoin strategy, with additional currency-denominated stablecoins being developed through separate regulatory pathways.
More to come 🔜
Introducing EURR, the Revolut stablecoin that brings our customers' local currency on-chain revolut.com/blog/post/revolu…
Iman retweeted
Revolut just launched EURR, its first euro-backed stablecoin.
It is designed to hold €1.00. Reserves sit with an EU-licensed issuer under MiCA. Revolut is calling it the first step in a broader multi-currency stablecoin plan, with other tokens already in development and wider EURR availability expected later this year.
Important detail: Revolut is not the issuer.
EURR is an e-money token issued by Bridge Building S.A., a MiCA CASP and EMI regulated by Luxembourg’s CSSF. Stripe-owned Bridge holds the reserves and the legal redemption obligation.
It will be offered in the app by Revolut Digital Assets Europe Ltd, Revolut’s Cyprus MiCA CASP, regulated by CySEC.
Initial rollout is for eligible customers in Denmark, Poland and Portugal. They also lanched customer waiting list.
One issue the announcement left open: the ticker EURR is already in use. StablR Euro has been circulating under those same four letters for some time — different issuer, different contracts. Fine on a marketing page. Messy once it hits exchanges, wallets and block explorers.
This is a real launch, not a rumour, but details are still thin. Leonid Bashlykov’s line was simply “More to come. Stay tuned.” Revolut is clearly renting the issuance layer for speed: Bridge holds the Luxembourg EMI and the reserves, Revolut keeps the customers.
The real test comes next — whether the follow-on coins remain on Bridge rails or Revolut eventually issues them under its own EMI.
