Ripple brings RLUSD to Turkey via three crypto platforms

Ripple has expanded the availability of its U.S. dollar-backed stablecoin, RLUSD, into Turkey through partnerships with three local cryptocurrency platforms. The move, announced on June 2, 2026, provides institutional clients in Turkey with access to the regulated digital asset via BiLira, Bitexen, and Bitlo.

The expansion coincides with RLUSD surpassing a market capitalization of approximately $1.7 billion since its launch in late 2024. Company executives described the stablecoin as a tool for payments, tokenization, and collateral management. Jack McDonald, Senior Vice President of Stablecoins at Ripple, said the country represents a milestone for the company's global expansion, noting Turkey's position at the crossroads of traditional finance and the digital economy. He stated that RLUSD provides Turkish businesses a transparent way to access global liquidity.

Turkey is considered a priority market due to its significant cryptocurrency activity. Data from blockchain analytics firm Chainalysis indicates the country handles nearly $200 billion in annual crypto transaction volume, making it the largest market in the Middle East and North Africa region. Company officials linked...