Ripple Launches RLUSD Stablecoin in Turkey on June 2, Targets $200B Annual Crypto Market

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According to Ripple's announcement on June 2, RLUSD stablecoin is now available in Turkey through three partners: BiLira, Bitexen, and Bitlo. The move targets a market processing nearly $200 billion in annual crypto transaction volume. Ripple's USD-backed stablecoin has reached a $1.7 billion market cap since its launch in late 2024, competing directly with established stablecoins USDT and USDC in a region where inflation has made dollar-denominated assets essential for savings.
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