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Ripple Joins MAS BLOOM Program to Pilot RLUSD Trade Payments

Ripple Joins MAS BLOOM Program to Pilot RLUSD Trade Payments

According to Ripple, the MAS-led Project BLOOM will use XRP Ledger, RLUSD, and Unloq to test interoperable cross-border trade settlement infrastructure in Singapore.

XRP
RLUSD

Fact Check
The statement is confirmed by Ripple's official press release and detailed reporting from CoinDesk and crypto.news. All key details—including the involvement of MAS's BLOOM program, the partnership with Unloq, the use of the SC+ platform, and the automation of RLUSD payments on the XRP Ledger—are accurately reflected in the primary and secondary sources.
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Summary

Ripple said it joined the Monetary Authority of Singapore’s Project BLOOM with Unloq to develop a viable model for innovative, interoperable cross-border trade settlement infrastructure in Singapore. The initiative will use RLUSD and XRP Ledger as part of the payment flow, while Unloq’s platform is intended to support programmable settlement mechanics for trade payments.

Terms & Concepts
  • RLUSD: Ripple’s stablecoin designed for blockchain-based payments and settlement.
  • XRP Ledger: A blockchain network associated with XRP that supports fast settlement and programmable payment flows.