Ripple brings RLUSD stablecoin to Türkiye through three partners

cryptonews06-02 16:16

Ripple has made its USD-backed stablecoin RLUSD available to institutions in Türkiye through new partnerships with BiLira, Bitexen and Bitlo. Summary Ripple launched RLUSD in Türkiye through ...

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The company said the move gives local institutional users access to its regulated, USD-backed stablecoin.Moreover, Jack McDonald, Ripple’s SVP of Stablecoins, said “RLUSD has rapidly gained traction” in financial use cases. He said Türkiye is a key market because it connects traditional finance with the digital economy.RLUSD is already available through major global platforms including Binance, Bitstamp, Kraken, OKX, Gemini, Bybi","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"XRPT":"2倍杠杆XRP ETF-Volatility Shares","XRPI":"1倍XRP ETF-Volatility Shares","XRPR":"REX-OSPREY XRP ETF","XRPK":"T-REX 2x Long XRP Daily Target ETF"},"translate_title":"Ripple通过三个合作伙伴将RLUSD稳定币引入土耳其","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XRPK":0.6,"XRPR":0.6,"XRPT":0.6,"XRPI":0.6},"content_text":"Ripple has made its USD-backed stablecoin RLUSD available to institutions in Türkiye through new partnerships with BiLira, Bitexen and Bitlo.\n\n\nSummary\n\n\n\nRipple launched RLUSD in Türkiye through BiLira, Bitexen and Bitlo for institutional stablecoin access locally.\nRLUSD crossed $1.7 billion in market cap less than one year after its launch globally.\nRipple also added Istanbul Technical University to UBRI, funding blockchain research through RLUSD and fellowships.\n\n\n\nRipple expands RLUSD access in Türkiye\nRipple announced on June 2 that RLUSD is now available to Turkish institutions through BiLira, Bitexen and Bitlo. The company said the move gives local institutional users access to its regulated, USD-backed stablecoin.\n\n$RLUSD is now available in Türkiye through three new partners: @BiLira_Kripto, @Bitexencom and @Bitlocom: https://t.co/poq4dUbYF4This 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\n\nRLUSD launched in late 2024 and has grown to more than $1.7 billion in market cap. Ripple said the stablecoin is built for payments, tokenization and collateral management across crypto and traditional finance.\nTürkiye becomes a key stablecoin market\nRipple said Türkiye remains one of the largest crypto markets in the MENA region. The company cited Chainalysis data showing nearly $200 billion in annual crypto transaction volume in the country.\nThe launch also comes after Türkiye introduced a licensing framework for crypto asset service providers in 2024. That framework moved the market toward supervised operations and gave global firms a clearer route to work with domestic platforms.\nMoreover, Jack McDonald, Ripple’s SVP of Stablecoins, said “RLUSD has rapidly gained traction” in financial use cases. He said Türkiye is a key market because it connects traditional finance with the digital economy.\nBiLira, Bitexen and Bitlo will support RLUSD for Turkish users and institutions. BiLira said the partnership focuses on regulatory standards. Bitexen said RLUSD fits its plan to offer USD-denominated instruments across several regions. Bitlo said users want secure digital dollars to manage wealth and reduce exposure to volatility.\nRipple adds university blockchain link\nRipple also announced Istanbul Technical University as a new partner in its University Blockchain Research Initiative. The partnership will fund blockchain research, graduate fellowships and academic work through RLUSD.\nThe university will also host an XRP Ledger validator on campus. Ripple said the move will connect academic research with live blockchain infrastructure and give students direct exposure to decentralized systems.\nRLUSD is already available through major global platforms including Binance, Bitstamp, Kraken, OKX, Gemini, Bybit, Bitso and LMAX. As crypto.news previously reported, Binance listed RLUSD in January after strong growth in 2025, while later coverage tracked RLUSD’s market cap growth as XRP Ledger activity increased.\nThe Türkiye launch extends that rollout into a market with strong stablecoin and crypto demand. Ripple has not described the new partnerships as retail-only. Its release focuses on institutional users, corporate settlement and compliant digital dollar access.\nFor Ripple, the launch adds another local market to RLUSD’s global distribution. For Turkish institutions, it adds another regulated dollar-backed stablecoin option through domestic partners.\n\n\n\n\n\n                Read more:\n            \n\n                Kelp DAO hacker launders $220M as recovery window closes","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640153079","isCrawlerRequest":true}