Overview
- Ripple, which disclosed the BLOOM pilot Wednesday, began testing automated RLUSD settlements with Unloq on the XRP Ledger.
- BLOOM is a Monetary Authority of Singapore sandbox that lets firms trial supervised payments using tokenized bank liabilities and regulated stablecoins.
- Unloq’s SC+ platform runs on the XRP Ledger and triggers RLUSD payouts only after shipment checks confirm agreed trade conditions.
- The test examines whether event‑based payments can reduce delays in cross‑border trade and open financing access for smaller businesses.
- RLUSD launched in December 2024 and has grown to about $1–1.5 billion in market value, reinforcing Ripple’s push for regulated, enterprise use.