- Staggering adoption metrics
- RLUSD adoption
Ripple is setting its sights on Turkey as a critical growth hub, with a top executive declaring the blockchain payments company “extremely bullish” on the country
Reece Merrick, Ripple’s managing director for the Middle East and Africa, has characterized the nation as a global leader driven by economic necessity rather than mere speculation in his recent social media post.
Staggering adoption metrics
According to Merrick, the Turkish market is vastly outpacing its neighbors.
HOT Stories
Critical XRP Ledger Bug in Batch Amendment Could Have Drained User Wallets
Crypto Market Review: XRP Volatility Squeeze is a $2 Recipe, Will Dogecoin (DOGE) Zero Removal Happen in February? Shiba Inu (SHIB) Bullruns Aren’t Possible Yet
“Türkiye is leading crypto adoption in MENA and ranking among the highest globally!” Merrick stated.
He pointed to compelling 2026 data, which indicates that approximately 25.6% of the Turkish population currently owns cryptocurrency
Furthermore, demographic surveys show that adoption reaches a staggering 52% among adults aged 18 to 60.
This massive retail and institutional interest is translating into significant capital flow
Merrick noted that Turkey facilitated nearly $200 billion in annual crypto transactions in 2025 based on blockchain analytics firm Chainalysis, a volume that ends up “dwarfing the rest of the region.”
For years, Turkish citizens have grappled with the severe devaluation of the lira and high inflation rates
This precarious macroeconomic environment is changing how digital assets are used in the country.
“Driven by inflation hedging and value preservation, we’re seeing a clear shift toward practical utility in emerging markets like Türkiye,” Merrick wrote.
Instead of treating crypto solely as a high-risk investment, Turkish users are increasingly relying on the blockchain for everyday financial stability and borderless transfers.
RLUSD adoption
XRP. Merrick specifically highlighted Ripple’s newly launched US dollar-pegged stablecoin, RLUSD.
“Stablecoins like RLUSD will play a vital role as a stable USD alternative amid lira volatility, supporting cross-border payments and financial resilience,” he emphasized.
Merrick confirmed that the blockchain firm is already working alongside a number of traditional financial players in the country to integrate it
“We’re extremely bullish on the continued growth along with our position in the market across all of our products,” Merrick concluded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Foundation Launches Token Search and Liquidity Aggregator Tokens on Solana
The Solana Foundation has launched Tokens on Solana, a token search and liquidity aggregator that consolidates various token variants of non-native assets, offering a one-stop search function and key data to help users identify the best trading opportunities. Additionally, it will utilize AI and manual curation to publish global news.
GateNews59m ago
Metaplex advances Korean Wave IP onto the blockchain, with K-pop and Korean dramas moving toward blockchain assetization
Metaplex Foundation has signed a Memorandum of Understanding with K Wave Media to jointly advance the "Gaon Project," which will transition K-pop, Korean dramas, and other Korean Wave cultural intellectual properties on-chain. The project encompasses four core pillars: intellectual property on-chain, global liquidity, fan community empowerment, and content distribution, with the aim of innovating the tokenization of Korean cultural IP and exploring new financing and content distribution models.
MarketWhisper1h ago
StableStock Launches Hong Kong Stock Trading Features, Supporting Stablecoin Direct Trading of 160+ Hong Kong Stock Targets
On March 17, StableStock launched Hong Kong stock trading functionality, supporting 160+ Hong Kong stocks and ETF trading, allowing users to trade directly with stablecoins. The platform partners with licensed broker HabitTrade, with fees close to traditional brokers, and complies with Hong Kong Exchanges and Clearing Limited trading hours.
GateNews1h ago
Privy Launches "Balance Rewards" Feature Powered by Morpho
Gate News report: On March 17, privacy wallet infrastructure platform Privy launched its "Balance Earnings" (Earn) feature. The feature is powered by Morpho, with risk strategies provided by Steakhouse Financial and Gauntlet, and will support Aave and Kamino in the future. The official statement indicates that users can deposit their application balances into curated DeFi vaults with just a few
GateNews1h ago
Stablecoin USDG Launches on Pendle, TVL Surpasses $46 Million and Participates in Limit Order Rewards Experiment
On March 16, Global Dollar Network and Paxos jointly launched the stablecoin USDG on the Pendle platform, with total value locked breaking through $46 million in a short period of time. USDG became one of the first assets to participate in Pendle's limit order rewards experiment, allowing users to earn yields of up to 8.90% through liquidity provision.
GateNews2h ago
T. Rowe Price Revises Cryptocurrency ETF Application, SUI Added to Expand Investable Assets
T. Rowe Price filed a revised S-1 application with the SEC on March 16, designating Anchorage Digital Bank as the custodian for its active crypto ETF and adding SUI to the list of qualified digital assets, demonstrating the company's further commitment to deepening its involvement in crypto investments. This revision enhances the ETF operational framework and addresses market volatility conditions.
MarketWhisper2h ago
