Ripple has introduced its USD-backed stablecoin RLUSD to institutions in Türkiye through partnerships with BiLira, Bitexen, and Bitlo. RLUSD has reached a market cap of over $1.7 billion globally. Türkiye is seen as a key stablecoin market, with significant crypto transaction volume. Istanbul Technical University has also partnered with Ripple for blockchain research funded by RLUSD.

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