Ripple uses Singapore's central bank regulatory sandbox to test RLUSD-based stablecoin trade financing options

On March 25, Ripple announced that it would join the BLOOM program under the Monetary Authority of Singapore (MAS), which will test the automatic settlement solution for cross-border trade finance driven by the stablecoin RLUSD in this regulatory sandbox. Ripple has cooperated with Unloq, a Supply Chain Finance technology company, to build a condition-triggered payment system based on XRPLedger. When preset conditions such as cargo verification are met, the system will automatically release RLUSD payments, replacing the cumbersome process of traditional trade financing that relies on manual verification, letter of credit and agent bank relationships, and greatly reducing the original settlement cycle of days or even weeks.