Ripple is intensifying its focus on Turkey, with Managing Director Reece Merrick expressing an "extremely bullish" outlook on the country's crypto adoption. Merrick highlighted Turkey as a global leader in digital asset adoption, driven by economic necessity rather than speculation. He noted that approximately 25.6% of the Turkish population owns cryptocurrency, with adoption rates reaching 52% among adults aged 18 to 60.
Turkey's crypto market facilitated nearly $200 billion in transactions in 2025, according to Chainalysis, surpassing other regional markets. Merrick emphasized the role of Ripple's US dollar-pegged stablecoin, RLUSD, in providing financial stability amid the lira's volatility. Ripple is collaborating with traditional financial institutions in Turkey to integrate RLUSD, supporting cross-border payments and enhancing financial resilience.
Ripple Eyes Turkey as Key Growth Market Amid Surging Crypto Adoption
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
