TRYB, issued by Bilira Kripto Varlık Alım Satım Platformu A.Ş., is a fiat-collateralized stablecoin that tracks the Turkish lira (TRY) at a 1:1 peg, with each token in circulation backed by one TRY held in reserve [S1][S2][S3].

Holders receive a token indexed 1:1 to the Turkish lira (TRY), redeemable at par through the platform [S2][S3]. The instrument is price-tracking, providing no native yield, NAV accrual, coupon, or rebasing mechanism, and remains equivalent to one TRY [S1][S3]. The issuer cautions that it does not guarantee TRYB will equal one TRY on third-party platforms [S2]. Costs may arise from commission, tax, or transaction fees charged by third-party organisations [S2].

The issuer is Bilira Kripto Varlık Alım Satım Platformu A.Ş., based in Istanbul, Türkiye, with Istanbul courts holding exclusive jurisdiction under Turkish law [S1][S2]. The issuer states it is only listed on the Capital Markets Board's (SPK) Temporary List of Active Crypto Asset Service Providers and is not an electronic-money institution, a credit institution, or a licensed entity, and that TRYB is not subject to deposit insurance [S2]. The claim is a redeemable 1:1 entitlement to TRY collateral held in Turkish bank accounts [S2][S4]. Onboarding requires KYC and AML compliance [S5][S2]. The Company assumes responsibility for assets in custodial wallets and reserves blacklist and seizure rights [S2].

TRYB is natively issued as an ERC-20 token on Ethereum, BNB Smart Chain, Avalanche, Polygon, Base, World Chain, Codex, and Plasma, and as an SPL token on Solana [S6]. Users mint by depositing TRY after KYC, receiving tokens to their wallet, and redeem via Turkish bank transfer at 1:1 [S1][S2]. Reserves are evidenced through periodic assurance reports and an onchain reserves dashboard [S4][S1].

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    { id: "S1", url: "https://www.bilira.co/en/product/tryb-stablecoin" },
    { id: "S2", url: "https://www.bilira.co/en/legal-information/tryb-terms-of-use" },
    { id: "S3", url: "https://www.bilira.co" },
    { id: "S4", url: "https://www.bilira.co/en/audit-reports" },
    { id: "S5", url: "https://www.bilira.co/en/home" },
    { id: "S6", url: "https://www.bilira.co/en/use-tryb" },
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Stablecoins

BiLira operates through partnerships with regulated financial institutions and maintains compliance with Turkish regulatory frameworks while issuing blockchain-native TRY stablecoins backed by fiat reserves. The platform leverages multiple blockchain networks to provide wide interoperability and generates revenue through issuance fees, transaction fees, and institutional payment processing services.

The project issues TRYB, a Turkish Lira-backed stablecoin deployed across 8 chains including Ethereum, Base, BSC, Polygon, Avalanche, Plasma, Solana, and World Chain. TRYB provides on-chain TRY exposure for payments, DeFi applications, and digital commerce, serving the Turkish market and global users seeking Turkish Lira-denominated stable value.

BiLira is a Turkish fintech company that issues blockchain-based Turkish Lira stablecoins.

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Stablecoin issuers

BiLira

BiLira TRYB (TRYB) is a Turkish Lira stablecoin issued by BiLira through Bilira Kripto Varlık Alım Satım Platformu A.Ş.

Each token is redeemable one-for-one for Turkish Lira and is a direct claim on the issuer.

Retail investors and institutions can mint and redeem directly with BiLira in TRY after completing KYC, and holders have a contractual right to redeem at par.

Bilira Kripto Varlık Alım Satım Platformu A.Ş. is the issuing entity.

Holder terms are governed by the law of Türkiye.

TRYB has been issued on public blockchains since July 2019 and is native to 9 networks, including Ethereum, BNB Chain, Avalanche, Solana, Polygon, and Base.

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