RLUSD is now available in Türkiye through BiLira, Bitexen, and Bitlo, targeting institutional and regulated stablecoin use cases. The stablecoin reached $1.7B market cap within a year, suppor
Ripple announced RLUSD availability in Türkiye through BiLira Kripto, Bitexen, and Bitlo on June 2, 2026. The USD-backed stablecoin reached a $1.7 billion market cap under one year after its 2024 launch. Ripple and partners said the rollout supports rising institutional demand for regulated digital dollar instruments globally.
Ripple stated RLUSD is now accessible to institutions in Türkiye through three local exchange partners. Jack McDonald, SVP of Stablecoins at Ripple, said RLUSD supports payments, tokenization, and collateral management use cases.
He added that Türkiye marks a key expansion point due to its high crypto adoption and financial activity. BiLira Kripto, Bitexen, and Bitlo confirmed integration of RLUSD across their platforms for Turkish users.
Sinan Koç of BiLira said the partnership focuses on regulatory integrity and access to stable digital assets. Bitexen CEO Alphan Göğüş stated RLUSD will support USD-denominated instruments across regulated multi-jurisdiction infrastructure.
Bitlo CEO Mustafa Alpay said RLUSD offers users a secure digital dollar option for wealth management and volatility hedging.
According to Chainalysis 2025 data, Türkiye processes nearly $200 billion in annual crypto transaction volume. This level places the country as a leading digital asset market in the MENA region.
The Capital Markets Board introduced a licensing framework in 2024 for digital asset operations. Ripple stated this regulatory structure supports institutional participation and integration with global liquidity networks.
Ripple also noted RLUSD availability across global platforms including Binance, Bitstamp, Kraken, OKX, and others. The expansion extends RLUSD access across regulated exchanges and institutional trading venues worldwide.
Ripple announced Istanbul Technical University as a new partner under its blockchain research initiative. Funding for the program will use RLUSD and support graduate research and academic development.
The partnership also includes establishing an XRP Ledger validator on the ITU campus. Ripple stated the initiative connects academic research with blockchain infrastructure development in Türkiye.
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