Ripple’s RLUSD stablecoin expands to Turkey through three local platforms
Ripple is expanding its dollar-backed stablecoin RLUSD into Turkey through partnerships with BiLira, Bitexen and Bitlo. RLUSD has reached about $1.7 billion in market capitalization since launching in late 2024 and is positioned for payments, tokenization and collateral use. Turkey is an attractive market because it is one of the largest crypto markets in MENA, with about $200 billion in annual transaction volume, and local demand for dollar-linked crypto products has been boosted by inflation, currency volatility and tighter regulation. The new partners will add RLUSD support alongside local services such as BiLira’s TRYB stablecoin and OTC desk. RLUSD is already available on major global exchanges, though the stablecoin market remains dominated by USDT. Ripple also said Istanbul Technical University will join its blockchain research initiative with RLUSD-funded support for research, fellowships and an XRP Ledger validator.
