Partnered With:

Turkish Lira stablecoin TRYB becomes the second-largest non-USD stablecoin by market capitalization.

According to BlockBeats news on September 1st, Turkish fintech company BiLira launched its stablecoin TRYB, pegged to the Turkish lira (TRY), on the Ethereum network. TRYB has become the second largest non-USD stablecoin by market capitalization, with CoinGecko data showing a 325% surge in its market cap over three weeks, reaching $136.1 million. TRYB is second only to EURT, a Euro stablecoin launched by Tether, which has a market capitalization of $224 million.

Source

Correction/Report

RelatedRecommended

Binance CMO referred to Istanbul as a crypto hub, and the Turkish market has received significant attention from the entire industry this year.

Binance's newly appointed Chief Marketing Officer, Rachel Conlan, highly praised Istanbul's position in the global cryptocurrency ecosystem, calling it a crypto hub. This year, the Turkish cryptocurrency market has been active, with many major trading pla

On-Chain Activity