PANews reported on March 25th that, according to CoinDesk, Ripple is participating in the Monetary Authority of Singapore's BLOOM Sandbox program, partnering with supply chain finance company Unloq to test the use of the RLUSD stablecoin to automate cross-border trade payments. When shipment conditions are verified, the system will automatically trigger payment, aiming to replace the time-consuming manual verification and letter of credit processes in traditional trade finance. This pilot utilizes Unloq's SC+ platform to integrate trade obligations, settlement terms, and financing processes into a single execution layer, with funds transferred via RLUSD on the XRP ledger.

This participation in the BLOOM Sandbox marks Ripple's third significant move in three weeks. Previously, Ripple expanded Ripple Payments into a full-stack stablecoin infrastructure platform and acquired an Australian financial services license. Ripple is leveraging its regulatory and institutional credibility to transform RLUSD from a stablecoin with limited adoption into an enterprise-compliant and programmable settlement asset.