Ripple Launches RLUSD in Turkey Through Local Crypto Platforms
- Ripple’s USD-backed stablecoin, RLUSD, is now accessible in Turkey via partnerships with Bilira, Bitexen, and Bitlo.
- Since its launch in 2024, RLUSD has achieved a market capitalization of $1.7 billion.
- Turkey’s crypto market, with an annual transaction volume of approximately $200 billion by 2025, is four times larger than that of the UAE.
- The Capital Markets Board (CMB) in Turkey has set a licensing framework for digital asset firms to integrate stablecoins like RLUSD.
Ripple’s strategic move to introduce RLUSD in Turkey through local platforms aims to provide regulated digital dollar access for institutional use cases such as payments and liquidity management. This initiative aligns with Turkey’s position as a leading crypto market in the MENA region.
By embedding RLUSD into established Turkish platforms, Ripple strengthens its presence in high-adoption markets and supports enterprises with compliant digital-dollar infrastructure amid growing demand for stablecoins. (Source)
