Ripple has begun piloting its RLUSD stablecoin inside the Monetary Authority of Singapore’s BLOOM sandbox, kicking off a test designed to speed up and automate cross-border payments using blockchain technology.
The MAS BLOOM environment today relies heavily on manual payment processes and interdepartmental checks that slow settlements. Ripple says RLUSD — settled on the immutable XRP Ledger — could replace many of those paper-based steps and act as a single correspondent for banking counterparties, enabling faster, automated settlement flows and programmable payment logic.
BLOOM is MAS’s initiative to expand settlement capabilities for tokenized bank liabilities and regulated stablecoins. Ripple confirmed it has entered the pilot phase there, though both the company and MAS have not disclosed an end date. The sandbox is tightly regulated, so RLUSD must meet Singapore’s compliance, programmability and oversight requirements before any broader rollout.
If the pilot clears regulators, it would be one of Ripple’s biggest strategic wins this year and keep attention on XRP’s role in modernizing payment rails. The move also fits Ripple’s wider expansion push — the company is deepening its presence in Singapore and Brazil and is positioning its tech to modernize cross-border payment infrastructure in parts of Africa and beyond.
Read more AI-generated news on: undefined/news
