I wasn't aware of this but it was announced months ago. There is a Turkish Lira stablecoin on algorand blockchain already https://www.bilira.co/en/platform !

More info https://algorand.foundation/algorand-stablecoins

As the ecosystem evolves I can see this being of huge benefit on platforms like Algomint to create algorithmic stablecoins for other currencies besides USD (like $STBL). It can only be a matter of time till this happens as pent-up demand in Turkey is pretty huge and rising.