Ripple's RLUSD expands to Turkey via three local platforms

Ripple's dollar-backed stablecoin RLUSD is expanding into Turkey through partnerships with local platforms BiLira, Bitexen and Bitlo. Launched in late 2024, RLUSD has grown to about $1.7 billion in market capitalization and is promoted for payments, tokenization and collateral.

It ranks as the eighth-largest stablecoin by market capitalization and is available globally on exchanges including Binance, Bitstamp, Bybit, Gemini, Kraken and OKX; the market is still dominated by USDT. Turkey remains one of the largest crypto markets in the Middle East and North Africa, with nearly $200 billion in annual transaction volume, and local demand for dollar-linked crypto has been shaped by inflation, currency volatility and growing regulation.

The partnerships add RLUSD to BiLira — which issues the Turkish lira stablecoin TRYB and operates a local OTC desk — as well as to Bitexen and Bitlo.

Turkey

ripple, rlusd, stablecoin, turkey, bilira, bitexen, bitlo, market capitalization, usdt, binance