Ripple is introducing its dollar-backed stablecoin RLUSD to the Turkish market through partnerships with local platforms BiLira, Bitexen, and Bitlo. RLUSD, launched in late 2024 and valued at about $1.7 billion, is targeted for payments, tokenization, and collateral uses amid Turkey's inflation and currency volatility. Additionally, Istanbul Technical University will join Ripple's University Blockchain Research Initiative, supported by RLUSD funding, to advance blockchain research and education. This move taps into Turkey's large crypto market and growing demand for dollar-linked crypto products.
SWIFT, the traditional backbone of cross-border payments, faces challenges from blockchain networks like Ripple and Stellar that offer faster, cheaper, and near-instant transfers using digital assets XRP and XLM. Rather than being replaced, SWIFT is ...
Ripple released 1 billion XRP from escrow on June 1 as part of its monthly unlock schedule, while U.S. spot XRP ETFs recorded a record $118.29 million in net inflows in May, the strongest month of 2026 for these funds. This supply release is mostly r...
The XRP Ledger saw a nearly tenfold increase in payment volume on June 1, with over 1.5 billion XRP transferred, marking one of the largest on-chain spikes this year. This surge was accompanied by a rise in transaction counts, exceeding 1.16 million ...
XRP traded near $1.26 on June 2, down over 3% in 24 hours and more than 9% in the past month, pressured by weak momentum and bearish technical indicators like RSI near oversold and a bearish MACD. Whale withdrawals from Binance hit their lowest since...
Ripple has expanded its USD-backed stablecoin RLUSD into Turkey through partnerships with local firms BiLira, Bitexen, and Bitlo. This move targets Turkey's rapidly growing crypto market, driven by inflation and currency volatility pushing demand for...
