Ripple Tests RLUSD for Real Trade Settlements in MAS Sandbox
Cointelegraph
Ripple is testing its RLUSD stablecoin within the Monetary Authority of Singapore’s BLOOM initiative to automate cross-border trade finance settlements.Summary
Ripple is participating in the Monetary Authority of Singapore’s (MAS) Project BLOOM, a collaborative initiative designed to test tokenized financial infrastructure. In partnership with Unloq, Ripple is using its RLUSD stablecoin on the XRP Ledger to explore automated, programmable trade settlements. This pilot focuses on triggering payments automatically based on real-world conditions, such as document verification, rather than traditional manual processing. While the pilot represents significant technical experimentation, it is restricted to a sandbox environment and does not constitute official regulatory endorsement of RLUSD as a universal settlement asset.
(Source：Cointelegraph)