Ripple News: RLUSD Stablecoin Expands to Turkey Through Three Platforms

Key Insights:

• RLUSD is entering Turkey through BiLira, Bitexen, and Bitlo, giving institutions new access to Ripple’s dollar stablecoin.
• Ripple is targeting Turkey’s active crypto market, where inflation and currency swings support demand for dollar-linked tokens.
• Istanbul Technical University will join Ripple’s blockchain research program, with RLUSD funding and an XRPL validator.

Ripple has expanded its dollar-backed stablecoin RLUSD into Turkey through local crypto platforms BiLira, Bitexen, and Bitlo. The move gives institutions access to Ripple’s regulated stablecoin in one of the world’s most active crypto markets. It also expands Ripple’s push into cross-border payments and tokenized finance as demand for dollar-backed assets remains strong across the country.

Ripple News: RLUSD Targets Turkey’s Growing Stablecoin Market

Ripple said BiLira, Bitexen and Bitlo will make RLUSD available to Turkish institutions. BiLira already operates in the local stablecoin market through TRYB, a Turkish lira-backed token, and also runs an over-the-counter trading desk. Bitexen and Bitlo add further local access as Ripple works to broaden the use of RLUSD beyond global exchanges.

RLUSD launched in late 2024 and has grown to about $1.7 billion in market value. Ripple promotes the stablecoin for payment settlement, tokenized assets, and collateral use across crypto markets. The token is already available on major global platforms, including Binance, Bitstamp, Bybit, Gemini, Kraken, and OKX.

Turkey gives Ripple a large market for this expansion. Ripple cited Chainalysis data showing nearly $200 billion in annual crypto transaction volume in the country. Demand for dollar-linked crypto products remains active as users and institutions look for tools that can reduce exposure to local currency weakness.

The Ripple news also comes as Turkey continues to shape rules for digital asset platforms. Stablecoins already play an important role in trading and cross-border transfers. RLUSD now enters that market as a regulated dollar-backed product built for institutional use.

Istanbul Technical University Joins Ripple Research Program

Istanbul Technical University Joins Ripple Research Initiative

Ripple also announced that Istanbul Technical University will join its University Blockchain Research Initiative.

The partnership includes funding through RLUSD and support for blockchain research, graduate fellowships, and technical development focused on the XRP Ledger. The university will also operate an XRP Ledger validator on campus.

The initiative extends Ripple’s strategy beyond stablecoin adoption by building local technical infrastructure and academic engagement around blockchain technology.

University validators help support network participation while giving researchers and students direct exposure to blockchain systems.

Ripple has deployed similar research programs across multiple regions to connect academic institutions with blockchain development. The addition of Istanbul Technical University strengthens Ripple’s presence in Turkey while supporting broader XRP Ledger adoption.

The move also reflects growing institutional interest in stablecoins beyond trading applications. Financial institutions increasingly use stablecoins for treasury management, settlement, and collateral operations.

Ripple Expands Washington Presence as Policy Talks Continue

Meanwhile, Ripple announced an expanded office in Washington, D.C., as digital asset policy remains a major issue in the United States. The Ripple news said the larger office reflects its long-term focus on engagement with policymakers, regulators, and industry partners.

Stuart Alderoty, Ripple’s chief legal officer, said the company wants digital assets built with policymakers and regulators, not around them. Ripple’s expanded D.C. presence reflects its focus on regulatory clarity, responsible innovation, and U.S. leadership in financial technology.

The office will support Ripple’s work on market structure, stablecoins, payments modernization, and blockchain policy. It will also serve as a hub for meetings with regulators, lawmakers, financial institutions, and other groups involved in financial infrastructure.

XRP Price Faces Pressure Near Key Support

Meanwhile, XRP price traded under pressure as analysts tracked a break below a technical structure that had formed since late April. ChartNerd said XRP lost support before the late-May apex and confirmed a downside break. The analyst pointed to $1.20 as the next support area.

According to the analyst, XRP price is now sweeping below the 0.618 and 0.786 Fibonacci support zones during its move toward the February low near $1.11. The chart placed key Fibonacci levels near $1.26 and $1.23, with price already testing that lower area.

ChartNerd added that multiple daily closes below $1.23 could open the way for XRP to revisit the February wick zone. The 50 EMA remained hard to reclaim, while the loss of the 0.5 Fibonacci area left sellers in control. For now, XRP price needs a stronger reaction above support to reduce pressure near the $1.20 and $1.11 levels.

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