Latest news and stories about stablecoin in Portugal for expats and residents.
The Bison Bank has introduced the first Portuguese stablecoin, a digital asset pegged to the euro and dollar. Designed exclusively for regulated financial institutions, the token aims to simplify and streamline international payments and transfers.
PwC Portugal, through its Risk & Regulation, IFRS, and Tax teams, advised Bison Bank on its merger with Bison Digital Assets and the issuance of the first Portuguese stablecoin. With this operation, the bank became the first crypto-asset service provider in Portugal. This support covered the regulatory, accounting, and...
Portugal is one of the initial countries where Revolut is launching its new stablecoin product.
Revolut has introduced a new digital currency linked to the euro for its users in Portugal.
Revolut has introduced a new stablecoin tied to the euro, with Portugal included in the initial rollout across three countries.
Revolut customers in Portugal, Denmark, and Poland are the first to access the fintech's new stablecoin, EURR, in a phased rollout expected to expand to other European markets later this year. In a statement released this Wednesday, the company explained that EURR is issued by Bridge, a Stripe company, and...
Revolut customers in Portugal, Denmark, and Poland are the first to access the company's new stablecoin, EURR. This phased launch is set to expand to other European markets later this year. In an official statement, the fintech revealed that EURR is issued by Bridge, a Stripe subsidiary, and is integrated into the Revolut app. This allows eligible customers to use a euro-denominated asset, enabling them to move funds between euros and crypto assets. Designed to maintain a fixed value of one euro, EURR is backed by reserves managed by Bridge Building in accordance with European regulatory requirements. Revolut noted that the new stablecoin will be supported by multiple blockchain networks and external wallets, marking the start of a broader strategy in this market. The fintech aims to develop stablecoins in other currencies using different regulatory pathways. The rollout of EURR is expected to continue across the European Economic Area (EEA) later this year, subject to operational and regulatory compliance. Designed to mitigate volatility, stablecoins function as digital currencies pegged to the value of traditional fiat currencies. This asset class combines the efficiency and security of blockchain networks with the predictability of the conventional financial system. Domestic payments account for 57% of Revolut's transactions in Portugal.
Bison Bank has become the first institution in Portugal authorised to provide crypto-asset services, following the completion of its merger with its former subsidiary, Bison Digital Assets, and the formal notification to the Bank of Portugal. Through this operation, the bank integrates custody, exchange, and consulting services for crypto-assets, eliminating the need for a separate subsidiary for these activities. Cuatrecasas advised Bison Bank on the strategic structuring of the operation and the preparation of documentation required by the regulator, including policies and procedures. The team was led by Nuno Lima da Luz, with the participation of Joana Mota Agostinho on technology and cybersecurity matters. Financial regulation matters were coordinated by Paulo Costa Martins, with contributions from Tomás Gomes da Silva and Pedro Rodrigues da Silva. Nuno Lima da Luz highlighted that the operation was highly complex, as it marks the first time a Portuguese bank has been authorised to act as a crypto-asset service provider in Portugal. The process follows a trend of integrating crypto services into the traditional financial system. Recently, Cuatrecasas also assisted Bison Bank in the launch of the first Portuguese stablecoin, the 'Bison Bank Electronic Money Token', reinforcing the bank's strategy in the digital assets sector. Bison Bank announces the launch of the first Portuguese stablecoin.
A consortium of European banks aiming to launch a euro-denominated stablecoin has added 25 more institutions to the project, which seeks to build an alternative to dollar-linked digital currencies. Portuguese banks are currently excluded. ABN Amro Bank, Intesa Sanpaolo, and Nordea Bank are the latest to join Qivalis.
Cuatrecasas advised Bison Bank on the process that led to the launch of the “Bison Bank Electronic Money Token”, the first Portuguese stablecoin. This crypto-asset is available in two versions: the EUB, pegged to the euro, and the USB, pegged to the US dollar. Bison Bank is a Portuguese bank specialising in investment banking services.
The first stablecoin developed in Portugal has officially been released.
Bison Bank reported profits of 8.8 million euros in 2025, its highest to date and more than triple the 2.5 million euros recorded in 2024, the bank announced in a press conference on Wednesday, the 15th. The 2025 results were driven by the positive impact of deferred tax assets due to losses from previous years. Excluding this impact, recurring profit was 4.8 million euros. Bison Bank will pay dividends for the first time this year, amounting to 750,000 euros, to its sole shareholder, Bison Capital Holding Company Limited, based in Hong Kong, China. Regarding last year's accounts, the net interest margin was 9.1 million euros, up 20% from 2024, and banking commissions reached 8.3 million euros, an 80% increase. Structural costs rose 20% to 11.6 million euros in a year where the bank increased its headcount by 22, reaching 109 employees. Following the resolution of Banif, the Chinese holding company Bison Capital Financial purchased Banif Investimento in 2018 and rebranded it as Bison Bank. Headquartered in Lisbon, Bison Bank specializes in financial services for high-net-worth individuals. Bison Bank is undergoing a strategic reorganization and launching its first Portuguese stablecoin.
Bison Bank has carried out a strategic reorganisation and launched Portugal's first 'stablecoin'.
The former Banif investment bank announced three strategic initiatives to become Portugal's first crypto-bank. The changes are being driven by the new European regulation for crypto-assets.
