Gate News reports that on March 25, Ripple announced its participation in the BLOOM program under the Monetary Authority of Singapore (MAS). The company will test an automated cross-border trade finance settlement solution driven by the stablecoin RLUSD within the regulatory sandbox. Ripple is collaborating with supply chain finance technology company Unloq to build a conditional trigger payment system based on XRP Ledger. When predefined conditions such as cargo verification are met, the system will automatically release RLUSD payments, replacing traditional trade finance processes that rely on manual verification, letters of credit, and correspondent banking relationships. This significantly reduces the settlement cycle from days or even weeks.
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