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Ripple Joins the Singapore MAS BLOOM Sandbox to Pilot RLUSD-Powered Cross-Border Trade Finance Automated Settlement

XRP news Project Progress Partnerships & Ecosystem

2026-03-25 05:16:18

XRP0.58%

Gate News reports that on March 25, Ripple announced its participation in the BLOOM program under the Monetary Authority of Singapore (MAS). The company will test an automated cross-border trade finance settlement solution driven by the stablecoin RLUSD within the regulatory sandbox. Ripple is collaborating with supply chain finance technology company Unloq to build a conditional trigger payment system based on XRP Ledger. When predefined conditions such as cargo verification are met, the system will automatically release RLUSD payments, replacing traditional trade finance processes that rely on manual verification, letters of credit, and correspondent banking relationships. This significantly reduces the settlement cycle from days or even weeks.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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