# Ripple Promotes Türkiye as Crypto Rules Remain in Force

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26914
Published: 2026-10-06T01:20:52.000Z
Updated: 2026-10-06T01:20:52.000Z
Section: Business

> Türkiye’s annual crypto transaction value was estimated at nearly $200 billion. Ripple USD (RLUSD) became available to Turkish institutions through local partners in June 2026.

Ripple is promoting Türkiye as a growth market, pointing to an estimated nearly $200 billion in annual crypto transaction value as the country’s rules for digital-asset service providers remain in force.

The figure describes transaction activity, not money invested or the market capitalization of crypto assets. It does not establish how much activity reflected pressure on the Turkish lira or demand for any particular stablecoin.

Ripple USD (RLUSD), Ripple’s dollar-backed stablecoin, became available to institutions in Türkiye through BiLira, Bitexen and Bitlo on June 2, 2026.

Garanti BBVA Kripto announced a custody technology collaboration with Ripple and IBM on Oct. 23, 2024. After a 2023 pilot, the service was rolled out to the bank’s entire customer base. The platform had more than 14,000 users at the time of the announcement.

Garanti BBVA Kripto customers can custody, transfer and convert Bitcoin (BTC), Ether (ETH) and XRP through the service.

Türkiye’s Capital Markets Board, the country’s securities regulator, put crypto service-provider rules into effect when they were published on March 13, 2025. The requirements cover providers’ establishment, operations and capital adequacy, along with custody, transfers and other services.

Ripple Managing Director for the Middle East and Africa Reece Merrick linked stablecoin use to demand for dollar-backed assets in an Oct. 5, 2026, post. “We’re seeing genuine demand for regulated, dollar-backed liquidity, and that’s why stablecoins like RLUSD matter here in a very practical way.”