Ripple tests RLUSD in trade finance push to speed global payments

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Ripple is testing a new trade finance model built around its RLUSD stablecoin as it looks to speed up cross-border payments and reduce reliance on manual processes. The pilot, developed with supply chain finance firm Unloq, will run on the XRP Ledger inside BLOOM, a regulatory sandbox created by the Monetary Authority of Singapore. The initiative is designed to examine whether stablecoin-based settlement can streamline trade finance. Payments in this sector often depend on intermediaries, document verification, and slow reconciliation systems that have remained largely unchanged for decades. Pilot focuses on automation The project centres on automating payment flows tied to trade conditions.

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Telemac
Telemachttp://cryptoinfo.ch
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