Ripple joins Singapore central bank pilot to test RLUSD stablecoin for trade settlements using Unloq's payment automation platform.
DeFi & Yields ·
Ripple is participating in a Monetary Authority of Singapore initiative to test its RLUSD stablecoin for trade settlement purposes. The company plans to deploy Unloq's platform to automate payment releases when predefined conditions are met, according to statements made by Ripple.
The pilot sits within the MAS's broader sandbox program and focuses on applying RLUSD to automated trade finance workflows. By integrating payment automation, the arrangement aims to reduce settlement friction in international trade flows where manual intervention typically creates delays and operational overhead.
The scope of the trial—including duration, participating financial institutions, and specific trade corridors to be tested—has not yet been detailed. The outcome and any performance metrics from the pilot remain pending.