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[PRESS RELEASE – London, United Kingdom, October 9th, 2024]

Stablecoin Standard’s newly introduced set of global standards receives endorsement from a number of stablecoin issuers, including GMO-Z.com Trust Company (‘GMO Trust’), StraitsX and BiLira, that offer G10 currencies including JPY, SGD, TRY & USD Standards also endorsed by top ecosystem participants including Fireblocks, Solana, Bitstamp, Zodia Markets and JST Digital Stablecoin Standard, the industry body for stablecoin issuers globally, today announced that their recently unveiled set of global standards for stablecoin issuers have been endorsed by some of the leading stablecoin issues and ecosystem participants in the industry. Among those who have endorsed are Archblock, BiLira, Bitstamp, GMO-Z.com Trust Company (‘GMO Trust’), JST Digital, Fireblocks, Solana Foundation, StraitsX and Zodia Markets, signaling a new era of cooperation and standardization within the stablecoin industry.

The standards, announced by Beth Haddock, Global Policy Lead at Stablecoin Standard, at the Annual Flagship Event in Singapore, were designed to promote operational resilience, transparency and consistent issuer commitments globally. Stablecoin Standard’s Policy Working Group created the high-level standards that are both general and actionable, while being sensitive to the innovation in the market.

Beth Haddock, Global Policy Lead at Stablecoin Standard, commented on the endorsements: “Their endorsement not only validates the rigor of our proposed framework but also underscores the importance of creating a stable, transparent, and resilient environment for digital currencies. This milestone, following discussions at our annual meeting, sets a strong foundation for the continued evolution of the ecosystem.”

The endorsement of the standards lays the groundwork for a stablecoin ecosystem that prioritizes transparency, security and consumer protection. With increased scrutiny from regulators and growing demand for digital assets, unified standards can provide clarity and assurance to both industry participants and the public. Stablecoin Standard’s new framework aims to accelerate the adoption of stablecoins by fostering greater confidence among consumers, regulators, and traditional financial institutions.

Ramy Soliman, Co-Founder of Stablecoin Standard, commented on the endorsements: “The endorsement of our global standards by leading stablecoin issuers such as, BiLira and ecosystem participants, including industry leaders like Solana, Zodia Markets and JST Digital, is a vital step toward establishing a unified, trusted framework for the entire sector. As stablecoins continue to redefine the future of digital payments, these standards will provide the foundation for long-term growth, transparency, and security. This collective commitment—solidified during discussions at our annual meeting—not only underscores the industry’s dedication to fostering innovation but also demonstrates a concerted effort to align with evolving regulatory expectations and build the consumer trust essential for stablecoins to thrive globally.”

Stablecoin Standard and its endorsing members plan to continue refining these standards for implementation with the goal of achieving industry-wide adherence by Q4 2025.

Quotes from Endorsers:

Sinan Koç, Co-founder and CEO of BiLira, commented on their endorsement, “As a stablecoin issuer, BiLira has always prioritized transparency, security, and adherence to high standards, which is why we are proud to endorse the Stablecoin Standard’s newly introduced set of global standards. TRYB is governed with a commitment to uphold these principles, which we believe are essential for fostering trust and stability in the rapidly evolving digital asset space. We support this initiative as a significant step towards a more resilient and unified stablecoin ecosystem.”

Ran Goldi, SVP Payments and Network at Fireblocks, commented on their endorsement, “With more than a dozen stablecoins issued on Fireblocks, we strongly believe standards are the right path for our ecosystem with regard to interoperability and reaching the holy grail of instant liquidity any time, anywhere. SCS is taking a big, bold step, and we proudly endorse and stand with them on this journey.”

Kenny Chan, Head of StraitsX, commented on their endorsement, “As one of the leading regulated stablecoin issuers in Asia, StraitsX is committed to upholding the highest standards of transparency and operational resilience. We are proud to support the Stablecoin Standard’s newly introduced global standards, which will help build greater trust in the stablecoin ecosystem and ensure that digital currencies can be securely and seamlessly adopted by businesses and consumers worldwide. By working collaboratively with key industry participants, we believe these standards will provide a strong foundation for the future of stablecoins, promoting innovation while ensuring compliance with evolving regulatory frameworks.”

About Stablecoin Standard

Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of over 30 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey – among others.

Users can follow the Stablecoin Standard on LinkedIn and X and to learn more, please visit: https://stablecoinstandard.com/

About the author

Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.

Ripple has made its USD-backed stablecoin RLUSD available to institutions in Türkiye through new partnerships with BiLira, Bitexen and Bitlo.

Summary

Ripple launched RLUSD in Türkiye through BiLira, Bitexen and Bitlo for institutional stablecoin access locally. RLUSD crossed $1.7 billion in market cap less than one year after its launch globally. Ripple also added Istanbul Technical University to UBRI, funding blockchain research through RLUSD and fellowships. Ripple expands RLUSD access in Türkiye Ripple announced on June 2 that RLUSD is now available to Turkish institutions through BiLira, Bitexen and Bitlo. The company said the move gives local institutional users access to its regulated, USD-backed stablecoin.

RLUSD launched in late 2024 and has grown to more than $1.7 billion in market cap. Ripple said the stablecoin is built for payments, tokenization and collateral management across crypto and traditional finance.

Türkiye becomes a key stablecoin market Ripple said Türkiye remains one of the largest crypto markets in the MENA region. The company cited Chainalysis data showing nearly $200 billion in annual crypto transaction volume in the country.

The launch also comes after Türkiye introduced a licensing framework for crypto asset service providers in 2024. That framework moved the market toward supervised operations and gave global firms a clearer route to work with domestic platforms.

Moreover, Jack McDonald, Ripple’s SVP of Stablecoins, said “RLUSD has rapidly gained traction” in financial use cases. He said Türkiye is a key market because it connects traditional finance with the digital economy.

BiLira, Bitexen and Bitlo will support RLUSD for Turkish users and institutions. BiLira said the partnership focuses on regulatory standards. Bitexen said RLUSD fits its plan to offer USD-denominated instruments across several regions. Bitlo said users want secure digital dollars to manage wealth and reduce exposure to volatility.

Ripple adds university blockchain link Ripple also announced Istanbul Technical University as a new partner in its University Blockchain Research Initiative. The partnership will fund blockchain research, graduate fellowships and academic work through RLUSD.

The university will also host an XRP Ledger validator on campus. Ripple said the move will connect academic research with live blockchain infrastructure and give students direct exposure to decentralized systems.

RLUSD is already available through major global platforms including Binance, Bitstamp, Kraken, OKX, Gemini, Bybit, Bitso and LMAX. As crypto.news previously reported, Binance listed RLUSD in January after strong growth in 2025, while later coverage tracked RLUSD’s market cap growth as XRP Ledger activity increased.

The Türkiye launch extends that rollout into a market with strong stablecoin and crypto demand. Ripple has not described the new partnerships as retail-only. Its release focuses on institutional users, corporate settlement and compliant digital dollar access.

For Ripple, the launch adds another local market to RLUSD’s global distribution. For Turkish institutions, it adds another regulated dollar-backed stablecoin option through domestic partners.

Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

02.06.2026 - 11:34

Update: 02.06.2026 - 11:34

Ripple, which won its legal battle against the SEC in the US and is making rapid strides in its global expansion, has made a move towards Türkiye.

Accordingly, Ripple will support its RLUSD stablecoin in Türkiye.

Ripple announced it has partnered with Turkish companies such as BiLira (the issuer of TRYB), Bitexen, and Bitlo to support its dollar-pegged stablecoin RLUSD in Türkiye.

At this point, Ripple has made its US dollar-backed stablecoin, RLUSD, available to institutional investors in Türkiye through new partnerships with BiLira, Bitexen, and Bitlo.

This will enable Turkish institutional investors to access institutional-level US dollar liquidity using RLUSD.

This move is part of RLUSD’s broader international expansion, which is of great importance to Ripple.

Ripple stated that Türkiye remains one of the largest cryptocurrency markets in the MENA region. Based on Chainalysis data, the company noted that the country has an annual cryptocurrency trading volume of approximately $200 billion.

Jack McDonald, Ripple’s Senior Vice President of Stablecoins, stated the following:

“RLUSD has rapidly gained momentum in financial use cases, serving as a vital bridge for payments, tokenization, and collateral management. With institutional demand increasing globally, launching in Türkiye marks a milestone in our expansion. Turkey is situated at the intersection of traditional finance and the digital economy and boasts one of the highest cryptocurrency adoption rates in the world. By providing a transparent and fully regulated, stable, USD-backed asset, we enable Turkish businesses to access global liquidity.”

*This is not investment advice.

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