Ripple and Unloq are collaborating to explore automated trade settlements using Ripple's forthcoming stablecoin, RLUSD, on the XRP Ledger. According to NS3.AI, this initiative is part of Singapore's Project BLOOM sandbox pilot, which aims to assess the integration of digital settlement assets into the current financial infrastructure. RLUSD is currently in a sandbox testing phase and has not yet received official licensure or a comprehensive regulatory mandate.