Ripple Expands RLUSD Stablecoin to Turkey Through BiLira, Bitexen and Bitlo

Ripple has expanded its dollar backed stablecoin, RLUSD, into Turkey through partnerships with three local crypto platforms: BiLira, Bitexen and Bitlo. The move is aimed at increasing access to digital dollar-based financial services in one of the region’s most active crypto markets.

RLUSD Targets Growing Demand for Dollar-Backed Digital Assets

The expansion will allow Turkish institutions and users to access RLUSD for payments, tokenization and collateral related activities. Since launching in late 2024, RLUSD has grown to approximately $1.7 billion in market capitalization, making it one of the largest stablecoins in the cryptocurrency sector.

Turkey has emerged as a major crypto market, generating nearly $200 billion in annual transaction volume. Demand for dollar-linked assets has increased as businesses and consumers seek alternatives amid inflation and currency volatility.

Local Partnerships Support Market Expansion

BiLira, which issues the Turkish lira-backed stablecoin TRYB and operates an OTC trading desk, will add support for RLUSD alongside Bitexen and Bitlo. The partnerships are expected to strengthen Ripple’s presence in the country’s digital asset ecosystem.

Ripple Backs Blockchain Education in Turkey

Ripple also announced that Istanbul Technical University will join its University Blockchain Research Initiative. Funding will be provided in RLUSD to support blockchain research, graduate fellowships and an XRP Ledger validator on campus, further expanding Ripple’s long-term commitment to Turkey’s growing blockchain sector.