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 stable digital assets. RLUSD offers regulated, transparent access to dollar liquidity, improving cross-border payments and trade efficiency for businesses. Ripple also supports local blockchain education via Istanbul Technical University, aiming to build a strong ecosystem and talent pipeline. This expansion highlights Ripple's strategy to embed compliant digital dollar infrastructure in key high-adoption markets.
DonAlt, the trader known for accurately predicting XRP's 700% rally, cautions investors about the current Bitcoin market. He notes Bitcoin remains in a sideways range between $60,000 support and $82,300 resistance, with no major changes expected soon...
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
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 marke...
XRP has dropped below the key support level of $1.30 following increased selling pressure in early June, coinciding with Ripple's scheduled escrow unlock releasing 1 billion XRP. This technical breakdown comes amid Bitcoin's fall below $70,000, which...
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 ...
