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Ripple's USD-backed stablecoin RLUSD launches in Turkey amid growing crypto market.

Market News
02 Jun 2026
UToday
View Source
Bullish
pluang ai news

Ripple has introduced its USD-backed stablecoin, RLUSD, in Turkey, a key digital asset market in the Middle East and North Africa. The stablecoin, competing with USDC, already has a market cap of over $1.7 billion and is available on major exchanges like Binance and Kraken. Turkey's Capital Markets Board has implemented strict licensing for crypto providers, allowing licensed entities like BiLira and Bitexen to use RLUSD for corporate settlements. Ripple also partnered with Istanbul Technical University to support blockchain research funded by RLUSD, signaling a strong commitment to the Turkish crypto ecosystem.

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