Gate News, March 25 — Ripple announced its participation in the BLOOM project led by the Monetary Authority of Singapore, exploring programmable cross-border trade settlement solutions based on its stablecoin RLUSD and the XRP Ledger. Ripple will collaborate with supply chain finance technology company Unloq to pilot its SC+ platform, which uses smart contracts to automatically release payments after meeting predefined trade conditions (such as shipment verification), enabling automated integration of trade financing, settlement terms, and cash flow. The scheme uses RLUSD as the settlement asset, aiming to improve transaction transparency and enhance access to financing for small and medium-sized enterprises. The BLOOM project, driven by the Monetary Authority of Singapore, focuses on exploring the interoperability of tokenized bank liabilities and stablecoins, as well as “programmable compliance” and automated payment mechanisms. Participating organizations also include JPMorgan, Standard Chartered, DBS Bank, Stripe, and others.
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