Ripple Launches RLUSD in Turkey's $200B Crypto Market via Three Local Exchanges

According to Ripple, the company has launched its RLUSD stablecoin in Turkey through partnerships with BiLira, Bitexen and Bitlo, extending institutional access to its US dollar-backed asset. Turkey processes nearly $200 billion in annual cryptocurrency transaction volume, making it the largest crypto market in the MENA region. Since its late 2024 debut, RLUSD has reached a market capitalization of approximately $1.7 billion, with demand growing as institutions seek regulated digital dollar products for payments, tokenization and collateral management.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments