Turkish Lira stablecoins (TRY)
1 stablecoin pegged to the Turkish lira, from 1 issuer. Supply is read directly from the contracts DIA verified.
FX turnover share is one side of a currency trade, so all currencies' shares sum to 200% by BIS convention. Reserve and invoicing shares are only published for a handful of currencies; a dash means that source does not break TRY out individually, not that its share is zero.
Net new TRY supply
Change in the circulating supply of the 1 of 1 TRY coins counted here, as reported by aggregated market data. Both endpoints come from that source, so the dollar figure is a statement about it, not about the onchain supply DIA reads from the contracts, which is a different measurement of the same bloc. Coins that appeared part-way through a window are excluded, so this is supply added by coins that existed throughout rather than by the arrival of new ones.
Why this currency
The Turkish lira has lost most of its value against the US dollar since the start of 2020. The Central Bank of the Republic of Turkiye's indicative US dollar selling rate was 5.9585 lira on 2 January 2020 and 49.0582 lira on 2 October 2026.
TRYB is a lira token, so it carries that exchange rate in full. BiLira states that TRYB can always be converted to Turkish lira at a 1:1 ratio and that TRYB reserves are kept in bank accounts in Turkey.
Sources: Central Bank of the Republic of Turkiye, indicative exchange rates, 2 January 2020, Central Bank of the Republic of Turkiye, indicative exchange rates, 2 October 2026, BiLira audit reports
Market structure
There is one lira coin here, so there is no field to compare within. TRYB, issued by Bilira Kripto Varlık Alım Satım Platformu A.Ş. (BiLira), has published reserve reports since April 2020 and keeps them in an indexed archive rather than as scattered links.
An indexed archive is a more meaningful signal than it sounds. It means the reports can be checked against each other, gaps in the series are visible, and a reader can retrieve an older document rather than only the current one.
The reports themselves are signed by a named external firm rather than described as audited in the abstract. The May and August 2026 reports are signed by Corpus Denetim ve Yeminli Mali Müşavirlik AŞ, which states that its examination was conducted in accordance with International Standards on Auditing.
Sources: BiLira reserve report index, BiLira reserve report, 21 May 2026, BiLira reserve report, 17 August 2026
Regulation
Turkey regulates the platforms that trade and hold crypto assets, and it bars crypto assets from payments. Law 7518 was published in the Official Gazette on 2 July 2024. It amends the Capital Markets Law so that a crypto asset service provider needs permission from the Capital Markets Board before it starts operating.
Separately, the Central Bank of the Republic of Turkiye issued a regulation on 16 April 2021, in force from 30 April 2021. It states that crypto assets cannot be used directly or indirectly in payments, and that payment and electronic money institutions cannot intermediate transfers to or from crypto asset platforms.
The reserve reports BiLira publishes are its own disclosure, as the section above describes.
Sources: Resmi Gazete, 2 July 2024 (Law 7518), Capital Markets Board of Turkiye, announcement on crypto asset service providers, 2 July 2024, Central Bank of the Republic of Turkiye, Regulation on the Disuse of Crypto Assets in Payments
Common questions
Yes. TRYB is a Turkish lira stablecoin issued by Bilira Kripto Varlık Alım Satım Platformu A.Ş. (BiLira). BiLira has published reserve reports since April 2020 and keeps them in an archive on its website, each report signed by an external audit firm.
BiLira publishes reserve reports examined by an external firm. The report as of 17 August 2026, signed by Corpus Denetim ve Yeminli Mali Müşavirlik AŞ, gives an opinion on the TRYB count and the lira held in custody accounts at that time. The notes to the report carry no assurance from the auditor.