Ripple is moving ahead with new payment plans tied to its RLUSD stablecoin as it targets faster cross-border trade settlement.
Summary
- Ripple and Unloq are testing RLUSD in Singapore to automate trade payments on XRP Ledger.
- BLOOM gives Ripple a regulated sandbox to test settlement tied to shipment verification and financing.
- The pilot adds to Ripple’s broader payments expansion in Asia and planned Australian licensing push.
According to the announcement, the company is working with supply chain finance firm Unloq to test a trade finance model on the XRP Ledger through BLOOM, a sandbox run by the Monetary Authority of Singapore.
Meanwhile, the pilot will examine whether RLUSD can replace manual payment steps that have slowed trade finance for years. Ripple and Unloq said the system can release payments “automatically when predefined conditions are met, such as shipment verification.”
Ripple plans to use RLUSD as the settlement asset in a pilot built with Unloq’s SC+ platform. The project aims to combine trade obligations, settlement rules, and financing workflows in one execution layer on the XRP Ledger.
The companies said current trade finance still depends on manual checks, documentary credits, and correspondent banking links that often take days or weeks to complete. They said the new model seeks to reduce delays by automating payment release once agreed trade conditions are verified.
The pilot will run inside BLOOM, which stands for Borderless, Liquid, Open, Online, Multi-currency. MAS launched the initiative in October 2025 to expand settlement options for tokenized bank liabilities and regulated stablecoins.
Ripple said the test will focus on whether RLUSD can replace manual processes that have “slowed cross-border trade for decades.” The companies also said the model could give firms better visibility into settlement risk while helping smaller businesses access trade-finance services.
RLUSD growth supports Ripple’s wider payments plan
Ripple launched RLUSD in December 2024 with institutional use as its main target. The stablecoin has grown to a market value near $1.5 billion, placing it among the largest stablecoins by market capitalization.
The BLOOM pilot comes less than four months after Ripple said MAS approved an expanded scope of payment activities for Ripple Markets APAC in December 2025. That approval added to Ripple’s push to deepen its role in regulated payment infrastructure in Asia.
As previously reported, Ripple has also outlined plans to expand in Australia through an Australian Financial Services License. The company said it aims to obtain that license by acquiring BC Payments Australia Pty Ltd., subject to the final completion process.
