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Ripple launches USD-backed stablecoin RLUSD for institutions in Türkiye via BiLira, Bitexen, and Bitlo

Protocol Fundamentals
02 Jun 2026
Crypto news
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Bullish
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Ripple has made its USD-backed stablecoin RLUSD available to Turkish institutions through partnerships with BiLira, Bitexen, and Bitlo. This move expands RLUSD's global reach, following its launch in late 2024 and rapid growth to a $1.7 billion market cap. Türkiye is a key market due to its large crypto transaction volume and new regulatory framework for crypto services. Ripple also partnered with Istanbul Technical University to support blockchain research and education using RLUSD.

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