Ripple Joins MAS BLOOM Initiative to Test RLUSD Stablecoin for Cross-Border Trade Settlements

TLDR: Ripple joins MAS’s BLOOM initiative to pilot RLUSD stablecoin for programmable cross-border trade settlements. Unloq’s SC+ platform triggers automatic RLUSD payments on the XRP Ledger once shipment is verified. The BLOOM pilot targets trade finance inefficiencies that slow down payments for small and medium enterprises. RLUSD surpasses $1 billion in market cap as Ripple [...]

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