Ripple’s dollar stablecoin expands to Turkey through three local platforms
Ripple is expanding the reach of its RLUSD stablecoin into Turkey through partnerships with local platforms BiLira, Bitexen, and Bitlo. The initiative aims to provide Turkish users with a dollar-backed asset to hedge against local currency volatility and inflation.
Why it matters
This expansion highlights the growing role of stablecoins as financial infrastructure in emerging markets facing economic instability.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ripple’s dollar stablecoin expands to Turkey through three local platforms BiLira, Bitexen and Bitlo will make Ripple’s RLUSD stablecoin available to Turkish institutions. By Shaurya Malwa | Edited by Sheldon Reback Jun 2, 2026, 11:50 a.m. 1 min read Make preferred on Ripple is taking its RLUSD stablecoin to Turkey. (Michael Jerrard/Unsplash) What to know : Ripple is taking its dollar-backed stablecoin, RLUSD, into Turkey through partnerships with local platforms BiLira, Bitexen and Bitlo. RLUSD, which debuted in late 2024 and has grown to about $1.7 billion in market value, is being promoted for payments, tokenization and collateral in a market shaped by inflation and currency volatility. Istanbul Technical University will join Ripple’s University Blockchain Research Initiative, funded in RLUSD, to support research, graduate fellowships and an XRP Ledger validator on campus. Ripple’s dollar-backed stablecoin, RLUSD, is expanding into Turkey through partnerships with BiLira, Bitexen and Bitlo, the company said in an email to CoinDesk.
The article reports on business expansion and market data without editorializing the benefits or risks of the technology.
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