Ripple has expanded the availability of its U.S. dollar-backed stablecoin, RLUSD, in Türkiye through new partnerships with local crypto platforms BiLira, Bitexen and Bitlo.
The move gives institutional users in the country access to Ripple’s enterprise-focused stablecoin as the company continues its global expansion strategy. Since launching in late 2024, RLUSD has grown rapidly, reaching a market capitalization of $1.7 billion. Ripple said the stablecoin was designed to meet regulatory requirements while supporting financial use cases such as payments, tokenization and collateral management.
$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
According to Ripple, Türkiye represents a key market because of its high level of crypto adoption and growing digital asset ecosystem.
Türkiye emerges as strategic stablecoin market
The expansion comes as Türkiye strengthens its position as one of the world’s most active crypto markets. Ripple cited industry data showing the country processes nearly $200 billion in annual crypto transaction volume, making it the largest digital asset market in the Middle East and North Africa region.
The company said recent regulatory developments have helped create a more favourable environment for institutional participation. Türkiye’s licensing framework for crypto firms, introduced in 2024, has provided greater legal clarity and encouraged partnerships between global blockchain companies and local platforms.
Executives from BiLira, Bitexen and Bitlo said the addition of RLUSD will provide businesses and investors with access to a regulated dollar-backed digital asset while improving connections to global liquidity and financial markets.
Ripple expands blockchain presence beyond trading
Alongside the RLUSD launch, Ripple announced a new partnership with Istanbul Technical University through its University Blockchain Research Initiative.
The collaboration will support blockchain research, graduate fellowships and the deployment of an XRP Ledger validator on the university’s campus. Ripple said the initiative is aimed at helping develop blockchain talent and strengthening decentralized infrastructure in Türkiye.
The latest expansion shows Ripple’s bigger effort to grow RLUSD adoption worldwide as competition among regulated stablecoin issuers continues to intensify. The stablecoin is already available through several major global exchanges and trading platforms, including Binance, Kraken, Gemini, Bitstamp and OKX.
Meanwhile, Ripple secured a $200 million asset-backed debt facility for its prime brokerage unit, Ripple Prime, in a move aimed at expanding lending services for institutional crypto clients.
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