Ripple expands RLUSD stablecoin to Turkey via partnerships with BiLira, Bitexen, and Bitlo
By
Shaurya Malwa
Lightly toasted, lightly seasoned, mostly correct.
Summary
Ripple is expanding its dollar-backed stablecoin RLUSD into Turkey through partnerships with three local platforms: BiLira, Bitexen, and Bitlo. RLUSD has reached approximately $1.7 billion in market capitalization since its launch in late 2024. The stablecoin is positioned for payments, tokenization, and collateral use, and Turkey represents a strategic market for this expansion given the country's high crypto adoption.
Key quotes
· 4 pulledRipple is taking its RLUSD stablecoin to Turkey.
RLUSD has grown to about $1.7 billion in market capitalization since starting up in late 2024, onchain data shows.
The company pitches the token for payments, tokenization and collateral use, areas where dollar stablecoins have become core market infrastructure for crypto firms and trading desks.
Turkey is a useful market for that push.
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