Ripple taps Singapore sandbox to test stablecoin-powered trade finance with RLUSD
Ripple is piloting automated, stablecoin-powered trade finance in Singapore's MAS sandbox using RLUSD with partner Unloq.Summary
Ripple is participating in the Monetary Authority of Singapore's (MAS) BLOOM initiative, a sandbox designed for testing tokenized bank liabilities and regulated stablecoins. The pilot, in partnership with supply chain firm Unloq, aims to automate cross-border trade payments using Ripple's stablecoin, RLUSD, which runs on the XRP Ledger (XRPL). Payments will be released automatically once predefined shipment conditions are verified, replacing the slow, manual processes of traditional trade finance. This participation signals MAS's confidence in the RLUSD-on-XRPL stack for regulated experimentation, bolstering Ripple's enterprise credibility and advancing RLUSD toward becoming a compliant settlement asset for institutional use cases.
(Source：CoinDesk)