Ripple Brings RLUSD Stablecoin to Türkiye With BiLira, Bitexen and Bitlo Partners

TLDR

• RLUSD is now available in Türkiye through BiLira, Bitexen and Bitlo.
• Ripple said RLUSD market cap has reached more than $1.7 billion.
• RLUSD launched in late 2024 and targets institutional stablecoin use.
• Türkiye handles nearly $200 billion in annual crypto transaction volume.
• Ripple also named Istanbul Technical University as a new UBRI partner.

Ripple has brought its RLUSD stablecoin to Türkiye through BiLira, Bitexen and Bitlo. The rollout gives institutions access to a regulated, USD-backed digital asset. Ripple said the move follows global demand for enterprise stablecoins. RLUSD has reached more than $1.7 billion in market value since its late 2024 launch. The launch adds another market to its wider global expansion effort. 

RLUSD Reaches Turkish Institutions

Ripple said RLUSD is now available to institutions in Türkiye through three local partners. BiLira, Bitexen and Bitlo will support access to the stablecoin for eligible clients. The company described RLUSD as a USD-backed asset built for regulated enterprise use.

The stablecoin launched in late 2024 and has grown to more than $1.7 billion in market capitalization. Ripple said demand has come from payments, tokenization and collateral management. Jack McDonald, SVP of Stablecoins at Ripple, said RLUSD is “a vital bridge” for these financial uses.

McDonald said launching in Türkiye is a milestone for the company’s expansion. He said the country sits between traditional finance and the digital economy. He also said RLUSD gives Turkish businesses a transparent way to access global liquidity.

Türkiye Market Supports New Stablecoin Access

Ripple cited Chainalysis data that described Türkiye as the leading crypto market in the MENA region. The country handles nearly $200 billion in annual crypto transaction volume, according to the cited report. Ripple said that volume is almost four times higher than regional peers.

The company linked demand to economic needs and clearer rules. Türkiye introduced a licensing framework under the Capital Markets Board in 2024. According to Ripple the framework helped move the market toward institutional services. It also gave global firms clearer legal paths for local partnerships.

Ripple said its licensing portfolio supports RLUSD across markets where rules apply. It said the stablecoin follows applicable regulations and industry best practices. The company framed the product as part of its payments, liquidity and treasury services.

Partners Outline Access and Research Plans

BiLira said the partnership follows its work in fiat and crypto services. Co-founder Sinan Koç said the agreement is rooted in regulatory integrity. He said RLUSD offers clients a “gold-standard asset” designed for the next era of finance. Bitexen said RLUSD will be the opening step in a wider rollout across Bitexen Global. CEO Alphan Göğüş said the company connects local markets with global liquidity. 

Bitlo CEO Mustafa Alpay said RLUSD offers a secure gateway to digital dollars. Ripple said RLUSD is also available through Binance, Bitso, Bitstamp, Bybit, Gemini, Kraken, LMAX, OKX and other platforms. The company said these channels support wider access across global markets. 

The Turkish partnerships add local routes for institutional use in the country. Ripple also named Istanbul Technical University as a new partner in its University Blockchain Research Initiative. The partnership will be funded through RLUSD. It will support research, graduate fellowships and an XRP Ledger validator on the ITU campus.

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