Turkish Lira Stablecoin TRYB Becomes Second-Largest Non-USD Stablecoin with Market Cap of $136.1 Million

According to CoinDesk, Turkish fintech company BiLira launched a stablecoin TRYB pegged to the Turkish lira (TRY) on the Ethereum network.

According to CoinGecko data, TRYB's market value has soared 325% in three weeks to $136.1 million. TRYB has become the world's second largest non-US dollar stablecoin, second only to Tether's Euro stablecoin EURT, which has a market value of $224 million.