Ripple is expanding the reach of its dollar-backed stablecoin RLUSD into Turkey through new partnerships with local crypto platforms BiLira, Bitexen, and Bitlo.
This move is another step in Ripple’s push to grow RLUSD, which has reached about $1.7 billion in market value since launching in late 2024. Ripple promotes the stablecoin as a tool for payments, collateral management, and tokenized financial uses.
Turkey is seen as a strong market for stablecoins. It has become one of the largest cryptocurrency markets in the Middle East and North Africa, driven by inflation concerns, currency volatility, and growing interest in digital assets.
With these new partnerships, Turkish users will find it easier to access RLUSD. This helps Ripple build a stronger presence in a region where demand for dollar-linked digital assets is high.
Ripple is also expanding its educational and research footprint in the country. The company announced that Istanbul Technical University will join its University Blockchain Research Initiative, receiving funding through RLUSD to support blockchain research and graduate programs.
Even though Tether’s USDT dominates this competitive market, Ripple continues to promote RLUSD as a regulated option for both institutional and retail users.
This latest move shows how important stablecoins are becoming in emerging markets, where more people are using digital dollars to protect themselves against economic uncertainty.
$RLUSD is now available in Türkiye through three new partners: @BiLira_Kripto, @Bitexencom and @Bitlocom: https://t.co/poq4dUbYF4
This is the latest step in a global expansion that has taken RLUSD from launch to a $1.7bn+ market cap in under a year.
The demand for regulated,…
— Ripple (@Ripple) June 2, 2026
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