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Ripple is exploring whether its stablecoin can streamline and potentially replace the manual payment systems that have long hindered cross-border trade, with the Monetary Authority of Singapore providing a regulatory sandbox to support the experiment.
Modernizing Digital Settlements
Ripple said in a March 25 announcement that it is taking part in BLOOM, an initiative by the Central Bank aimed at expanding settlement capabilities for tokenized bank liabilities and regulated stablecoins.
As part of the initiative, Ripple is collaborating with Unloq to trial a system that automates cross-border trade payments using its dollar-pegged RLUSD, triggering transactions once preset conditions—such as shipment verification—are fulfilled.
Traditional trade finance relies on multiple layers of manual checks, paper-based documentation, and correspondent banking networks, often causing settlements to drag on for days or even weeks. The pilot by Ripple and Unloq aims to change that by using Unloq’s SC+ platform to consolidate trade obligations, settlement rules, and financing processes into a unified execution layer, while RLUSD on the XRP Ledger facilitates the actual transfer of funds.
In October 2025, the Monetary Authority of Singapore launched BLOOM (short for Borderless, Liquid, Open, Online, Multi-currency) to improve settlement processes through tokenized bank liabilities and regulated stablecoins.
This pilot comes just under four months after Ripple revealed that MAS had expanded the permitted payment activities for its Singapore subsidiary, Ripple Markets APAC, under the major payment institution license in December 2025.
Acceptance into the program reflects MAS’s approval of the RLUSD-on-XRP Ledger framework as a viable platform for regulated testing—a validation that holds far greater importance for Ripple’s enterprise pipeline than another listing or payments corridor could ever achieve.
Ripple’s Expansive Growth Plan
By joining BLOOM, Ripple reinforces its strategic push into regulated financial markets. For instance, Ripple is pursuing an important financial services license in Australia by acquiring a local payments firm.
Additionally, Ripple is reportedly preparing a share buyback program of up to $750 million from investors and employees, a move that could peg the company’s worth at a staggering $50 billion.
Collectively, these initiatives demonstrate Ripple’s strategy of scaling worldwide operations while navigating changing regulatory landscapes.
Source: https://zycrypto.com/ripple-joins-forces-with-singapores-central-bank-to-revolutionize-trade-finance-with-rlusd/
