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CryptoMediumUpdated×6•Originally published 25 March 2026•Updated 26 March 2026•

1 min read

Ripple Tests RLUSD Stablecoin in Singapore's MAS Sandbox for Trade Finance

Key Facts

1Ripple is using the Monetary Authority of Singapore (MAS) sandbox to test trade finance powered by its RLUSD stablecoin.

2 months ago

Version History

17 additional sources confirmed this story

Version 62 months ago

What changed: The story was updated to include massive RLUSD token burns executed by Ripple's treasury as part of its recent supply management activities.

Version 52 months ago

What changed: The story was updated to include the looming U.S. SEC deadline as a critical price catalyst and the current fragile downtrend of XRP despite its Asian expansion.

Version 42 months ago

What changed: Added the official confirmation date (March 25) and clarified the expansion of the pilot's scope to include tokenized bank liabilities.

Version 32 months ago

What changed: Updated RLUSD supply figures showing a decrease from $1.5 billion to $1.43 billion and included observations from Bill Morgan regarding current activity.

Version 22 months ago

What changed: Specified that the XRP Ledger (XRPL) is being used as the underlying infrastructure for the pilot.

Version 12 months ago

What changed: Updated the story to include that RLUSD market capitalization has reached $1.5 billion during its pilot phase.

Ripple has confirmed its participation in the Monetary Authority of Singapore's (MAS) BLOOM initiative to pilot its RLUSD stablecoin on the XRP Ledger for trade finance automation. In a recent development, Ripple's treasury executed a series of massive RLUSD burns, destroying millions of tokens within a few hours as part of active supply management. This move follows a recent dip in RLUSD supply to $1.43 billion, while market attention remains fixed on a critical U.S. SEC deadline this Thursday. This regulatory milestone is viewed as a major catalyst for the price direction of XRP, which currently remains in a fragile downtrend despite strategic expansion in Asia. These developments highlight Ripple's efforts to balance technical innovation and institutional adoption against significant legal headwinds in the United States. Regulatory pressures continue to be the primary factor determining the token's trajectory amid active management of the firm's digital asset treasury.