Ripple Launches RLUSD in Turkey Through Three Local Platforms, Tapping $200B Crypto Market

Ripple brought its USD-backed stablecoin RLUSD to Turkey through partnerships with Bilira, Bitexen, and Bitlo, providing institutions regulated dollar access for payments, collateral, and liquidity management. The move targets Turkey, a major regional crypto market with roughly $200 billion in annual transaction volume as of 2025.

Since its 2024 launch, RLUSD has reached $1.7 billion in market capitalization. Jack McDonald, SVP of Stablecoins at Ripple, stated: "RLUSD has rapidly gained traction in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management." By embedding RLUSD into established Turkish platforms already serving local crypto users, Ripple positions the stablecoin as a regulated bridge for enterprise clients, building on its broader Middle East expansion strategy.