Svmuu News Ripple announced its participation in the Monetary Authority of Singapore's (MAS) BLOOM program, testing the application of its RLUSD stablecoin in cross-border trade payments within the regulatory sandbox. Ripple is collaborating with supply chain finance technology provider Unloq to pilot a system based on the XRP Ledger. This system uses RLUSD to automatically trigger cross-border trade payments when preset conditions (such as shipment verification) are met, aiming to replace the traditional trade finance processes that rely on manual verification and correspondent banking relationships.
The pilot utilizes Unloq's SC+ platform to integrate trade obligations, settlement conditions, and financing workflows into a single execution layer, with RLUSD on the XRP Ledger facilitating the fund flows. This marks Ripple's third significant move within three weeks, following the company's expansion of Ripple Payments into a full-stack stablecoin infrastructure platform and its acquisition of an Australian financial services license.