Ripple expanded its USD-backed stablecoin, RLUSD, into Turkey on June 2, 2026, through partnerships with three local firms [1], [2].
The move targets a region with high crypto adoption to deepen the liquidity of the XRP Ledger (XRPL). By providing a stable, dollar-pegged asset, Ripple aims to offer Turkish users a hedge against local currency inflation while integrating more users into its ecosystem [1], [3].
To facilitate the rollout, Ripple partnered with BiLira, Bitexen, and Bitlo [1], [2]. These three partners [1] will help distribute the stablecoin and integrate it into local trading environments. This strategic expansion follows data from the Chainalysis 2025 Geography of Crypto Report, which identified Turkey as a market facilitating nearly $200 million [1] in crypto activity.
The launch occurs as RLUSD reaches a market capitalization of $1.7 billion [2]. This growth reflects a broader effort by Ripple to compete with other dollar-backed assets by increasing the accessibility of its stablecoin across diverse geographic regions.
Ripple said the expansion is intended to boost XRPL liquidity. By establishing a foothold in Turkey, the company seeks to capture a portion of the existing digital asset volume and provide a reliable medium of exchange for businesses and individuals in the region [1], [2].
“Ripple expanded its USD-backed stablecoin, RLUSD, into Turkey”
This expansion signals Ripple's strategy to target emerging markets where currency volatility drives demand for USD-backed assets. By leveraging local partnerships in Turkey, Ripple is not only growing the RLUSD market cap but attempting to increase the utility and liquidity of the XRP Ledger to compete with established stablecoin networks.
