Ripple rolls out RLUSD stablecoin in Turkey as supply tops $1.7B cap

Ripple has made its USD-backed stablecoin Ripple USD (RLUSD) available in Turkey, positioning it for local settlement use. RLUSD's market capitalization has climbed past $1.7 billion, and the token is already listed on Binance, Bitstamp, Kraken, and OKX. Local firms including BiLira, Bitexen, and Bitlo plan to use RLUSD for dollar-denominated settlement for corporate and institutional clients.