Ripple Joins Singapore's BLOOM Sandbox to Test RLUSD Stablecoin for Cross-Border Trade Payments

Ripple is participating in the BLOOM sandbox initiative by the Monetary Authority of Singapore, collaborating with supply chain finance company Unloq to test the use of the RLUSD stablecoin for automating cross-border trade payments. According to PANews, the system will automatically trigger payments once shipping conditions are verified, aiming to replace the traditional trade finance processes that can take days or weeks for manual verification and credit letter procedures. The pilot integrates trade obligations, settlement conditions, and financing processes into a single execution layer using Unloq's SC+ platform, with funds transferred via the RLUSD on the XRP ledger. This participation in the BLOOM sandbox marks Ripple's third significant move in three weeks. Previously, Ripple expanded Ripple Payments into a full-stack stablecoin infrastructure platform and acquired an Australian financial services license. Ripple is working to transform RLUSD from a stablecoin with limited adoption into a corporate-grade compliant and programmable settlement asset by building regulatory and institutional credibility.