Ripple Taps XRP Ledger, RLUSD in New Singapore's MAS-Backed Trade Finance Move

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a new development, Ripple has joined the Monetary Authority of Singapore’s BLOOM Initiative, in partnership with Unloq, to advance programmable settlement infrastructure in trade finance. Advertisement Ripple announced its participation in BLOOM (short for Borderless, Liquid, Open, Online, Multi-currency), an initiative by the Monetary Authority of Singapore (MAS) created to extend settlement capabilities in tokenized bank liabilities and regulated stablecoins. Ripple is collaborating with Unloq, a supply chain finance technology provider, to pilot a use case that is aimed at transforming cross-border trade settlements. The project will showcase a viable model for Singapore’s future development of an innovative and interoperable settlement infrastructure. HOT Stories 120 Billion SHIB: Unknown Whale Aggressively Expands Shiba Inu Portfolio, Trader Who Predicted 700% XRP Boom Breaks Down Bitcoin Price Situation, Jim Cramer Questions Crypto in True Crisis: Morning Crypto Report Ripple's Schwartz Rejects Fake Discounts for XRP You Might Also Like Sat, 03/21/2026 - 12:48 Ripple Clarifies: No Official Telegram as Scam Accounts Rise By Tomiwabold Olajide Advertisement Unloq's SC+ Solution represents a smart-contract-driven trade finance platform, which uses Ripple USD (RLUSD) stablecoin to automatically trigger payments the moment the shipment is verified. The solution will use Ripple’s infrastructure, the XRP Ledger (XRPL) and Ripple USD (RLUSD) stablecoin, increasing XRPL and RLUSD utility. Third major announcement in weeks The recent development marks the third major announcement from Ripple in three weeks. Ripple recently expanded its payments platform into a full-stack stablecoin infrastructure and secured an Australian financial services license through acquisition, and it now has a central bank-backed pilot for trade finance. You Might Also Like Fri, 03/20/2026 - 09:27 Ripple Survey Shows Finance Leaders Are All-In on Crypto By Alex Dovbnya Advertisement The development builds on an expanded MAS license from last year. In December, Ripple obtained approval from the Monetary Authority of Singapore to expand its payment activities under its Major Payment Institution license. The updated permissions provided Ripple with more flexibility to offer token-based settlements (such as XRP, stablecoin RLUSD ) and related payment services to banks, fintechs and crypto firms operating in the city-state. The Asia-Pacific remains Ripple’s fastest-growing region. Singapore, where Ripple established its APAC headquarters in 2017, remains a central point in this growth following several years of regulatory groundwork by MAS. In recent listing news, Ripple USD  stablecoin (RLUSD) has been listed on Korean crypto exchange Coinone. #XRPL #RLUSD #Ripple News #XRP Ledger