Turkey Emerges as Crypto Adoption Leader Amid Economic Uncertainty

Turkey has become a hub for cryptocurrency adoption, outpacing neighboring markets and ranking among the highest globally. According to recent data, nearly $200 billion in annual transactions were processed in 2025, with over 25% of the population owning digital assets.

Reece Merrick, Ripple's Managing Director for the Middle East and Africa, attributes this growth to economic instability, which has led citizens to seek tools that protect purchasing power. The use of cryptocurrencies is focused on stability and accessibility, rather than speculation.

Ripple plans to expand its presence in Turkey through its RLUSD stablecoin, which facilitates international payments and provides a stable value in unstable situations. The company aims to deepen relationships with conventional financial institutions and explore new product lines.