Ripple Expands RLUSD to Türkiye as Stablecoin Hits $1.7B

Ripple brings RLUSD to Türkiye via BiLira, Bitexen, and Bitlo as the USD-backed stablecoin reaches a $1.7B market cap.

Ripple has expanded Ripple USD, known as RLUSD, to institutions in Türkiye through three local partners. The USD-backed stablecoin is now available through BiLira, Bitexen, and Bitlo. 

Ripple said RLUSD has reached more than $1.7 billion in market capitalization.

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RLUSD Enters Türkiye through Three Partners

Ripple announced the Türkiye expansion on June 2, 2026. The launch brings RLUSD to institutional users through BiLira, Bitexen, and Bitlo. These firms will support access to the stablecoin in the local market.

RLUSD is designed as a USD-backed stablecoin for business use. Ripple says the asset focuses on trust, liquidity, and regulatory standards. The company launched RLUSD in late 2024.

The Türkiye rollout adds another market to Ripple’s stablecoin plan. It also connects RLUSD with firms serving local crypto users. The launch comes as demand for regulated stablecoins grows across global markets.

Ripple Cites Global Demand for Regulated Stablecoins

Ripple said RLUSD has gained institutional use since its launch. The stablecoin has reached more than $1.7 billion in market capitalization. The company linked that growth to demand for compliance-focused digital dollars.

Jack McDonald, Ripple’s senior vice president of stablecoins, commented on the launch. He said RLUSD serves payments, tokenization, and collateral management. He also said enterprise demand for stablecoins is rising worldwide.

“Launching in Türkiye represents a milestone in our expansion,” McDonald said. He added that Türkiye links traditional finance with the digital economy. He said RLUSD gives Turkish businesses access to global liquidity.

Türkiye Remains a Major Crypto Market

Türkiye is one of the largest crypto markets in the MENA region. Ripple cited Chainalysis data showing nearly $200 billion in annual transaction volume. That volume was nearly four times higher than other regional peers.

The market has grown due to economic needs and digital asset interest. Regulation has also played a role in shaping the sector. Türkiye introduced a broad licensing framework under the Capital Markets Board in 2024.

Ripple said the new rules gave more legal clarity to market firms. That framework helped support work with domestic partners. BiLira, Bitexen, and Bitlo are now part of RLUSD’s local rollout.

The expansion places RLUSD in a market with active crypto use. It also gives institutions another option for USD-backed digital payments. Ripple said the move supports its wider stablecoin growth strategy.

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