Ripple lists its USD RLUSD stablecoin on Turkish crypto exchanges
Ripple, blockchain-based enterprise solutions provider across traditional and digital finance, has introduced its enterprise-grade, USD-backed stablecoin Ripple USD (RLUSD) into Turkey, officially the Republic of Türkiye, through three new partnerships with BiLira, Bitexen and Bitlo.
RLUSD is an enterprise-grade stablecoin created with trust, liquidity, and the highest regulatory standards in the industry. Since launch in late 2024, RLUSD has experienced strong institutional adoption around the world, reaching $1.7 billion in market capitalization, underlining demand for a compliance-first USD-backed stablecoin.
Jack McDonald, SVP of stablecoins at Ripple noted, that RLUSD has rapidly gained traction in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management. He explained, “As enterprise demand scales globally, launching in Türkiye represents a milestone in our expansion. Türkiye sits at the crossroads of traditional finance and the digital economy, with one of the world’s highest rates of crypto adoption. By providing a stable, USD-backed asset that is both transparent and fully regulated, we are empowering Turkish businesses to access global liquidity.”
Türkiye is a global leader in digital asset adoption, and remains the dominant crypto market in the MENA region, facilitating nearly $200 billion in annual transaction volume, outpacing regional peers by nearly fourfold (Chainalysis 2025 Geography of Crypto Report). This surge is driven by a combination of economic necessity and forward-leaning regulation. The implementation of a comprehensive licensing framework by the Capital Markets Board (CMB) in 2024 moved the market from speculative retail trading to a robust institutional ecosystem, providing the legal certainty required for major global players like Ripple to integrate with domestic partners such as BiLira, Bitexen and Bitlo.
“BiLira exists to bridge the gap between traditional finance and the digital future,” said Sinan Koç, Co-Founder of BiLira. “Our partnership with Ripple is rooted in a shared dedication to regulatory integrity. By prioritizing the availability of RLUSD, we are providing our clients with a gold-standard asset designed for the next era of finance. RLUSD is uniquely equipped to accelerate blockchain adoption in Türkiye.”
“We are pleased to introduce RLUSD to our users in Türkiye as the first step in a broader rollout across the Bitexen Global platform,” said Alphan Göğüş, CEO at Bitexen MENA. “At Bitexen, we operate a multi-jurisdiction digital asset infrastructure, connecting local markets to global liquidity across Türkiye, the Middle East, South Africa and Europe through our regulated entities. Supporting RLUSD aligns with our strategy to provide trusted, USD-denominated instruments within a compliant and scalable framework.”
In addition to the three new Turkish partners, RLUSD is also available through Binance, Bitso, Bitstamp, ByBit, Gemini, Kraken, LMAX, OKX and others, ensuring access and availability global[7] ly.
Building on RLUSD’s momentum in Türkiye, Ripple is also proud to announce Istanbul Technical University (ITU) as the latest partner in its global University Blockchain Research Initiative (UBRI). Funded via RLUSD, this partnership will support advanced research initiatives and graduate fellowships while establishing an XRP Ledger (XRPL) validator directly on the ITU campus. By integrating academic research with hands-on decentralized infrastructure, Ripple and ITU are ensuring the next generation of Turkish researchers and students are at the forefront of blockchain innovation.
