Ripple XRP Enters MAS BLOOM Sandbox to Pilot RLUSD Trade Finance Settlement

Ripple has joined the Monetary Authority of Singapore’s (MAS) BLOOM sandbox to pilot trade finance settlements using its RLUSD stablecoin. The initiative, conducted in partnership with fintech Unloq, utilizes the XRP Ledger to automate payment release upon programmable triggers.This is not a proof-of-concept for the future. It is a live test of replacing traditional letters of credit with smart contracts to cut…