Ripple is making a big move in Turkey. Its regulated USD-backed stablecoin, Ripple USD (RLUSD), is now available to Turkish institutions through three major local partners: BiLira, Bitexen & Bitlo.
Since its launch in late 2024, RLUSD has quickly grown to a $1.7 billion market cap, earning strong adoption as a trusted, fully compliant digital dollar for payments, tokenization, and collateral.
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“RLUSD is built for real financial use cases” said Jack McDonald, SVP of Stablecoins at Ripple.
“Türkiye is a global leader in crypto adoption with nearly $200 billion in annual transaction volume. Bringing RLUSD here gives Turkish businesses a secure, transparent bridge to global liquidity.”
Why Turkey’s Adoption Matters To XRP Army
Turkey ranks among the top countries in the world for crypto adoption.
With strong local demand and a new regulatory framework from the Capital Markets Board, the country has evolved from retail speculation into a serious institutional market — making it the perfect launchpad for an enterprise-grade stablecoin.
BiLira, Bitexen & Bitlo are now offering RLUSD to their users, giving Turkish businesses and institutions easy access to a stable, regulated USD digital asset.
Ripple Teams Up With Istanbul Technical University
In another big move, Ripple announced Istanbul Technical University (ITU) as its newest partner in the University Blockchain Research Initiative (UBRI).
The partnership includes funding via RLUSD and will see an XRP Ledger validator deployed directly on campus to support research and education.
Ripple is doubling down on Turkey — one of the most dynamic crypto markets in the world — by bringing RLUSD and strengthening ties with both industry leaders and top academic institutions.
With $1.7 billion already in circulation and growing institutional demand, RLUSD is quickly becoming the go-to regulated stablecoin for serious players in emerging markets.
The Turkish expansion just turned up the heat for Ripple’s stablecoin strategy.
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