How Ripple is testing RLUSD in Singapore’s MAS sandbox to enable conditional trade settlements, and why this does not amount to full regulatory approval.
Singapore has strengthened its position as a leading hub for tokenized finance through Project BLOOM (Borderless, Liquid, Open, Online, Multi-currency).
This collaborative initiative brings together a group of traditional banks, fintech firms and stablecoin providers to evaluate how digital settlement assets can be integrated into existing financial infrastructure.
A notable partnership in the pilot involves Ripple and supply chain specialist Unloq. Together, they are exploring automated trade settlements using Ripple’s upcoming stablecoin, RLUSD, on the XRP Ledger.
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