Ripple's dollar-backed stablecoin, RLUSD, is expanding into Turkey through collaborations with three local platforms: BiLira, Bitexen, and Bitlo. This move aims to tap into Turkey's significant crypto market, which boasts an annual transaction volume nearing $200 billion. Since its inception in late 2024, RLUSD has grown to a market capitalization of approximately $1.7 billion. The stablecoin is positioned for various uses, including payments, tokenization, and collateral, particularly in a market characterized by inflation and currency instability. In addition to these partnerships, Ripple announced that Istanbul Technical University will join its University Blockchain Research Initiative, receiving funding in RLUSD to support research and graduate fellowships, as well as establishing an XRP Ledger validator on campus. RLUSD is currently the eighth-largest stablecoin by market cap and is available on several global exchanges, including Binance and Kraken.