Ripple BLOOM Initiative Grows with Malaysia and Thailand's Entry
Malaysia and Thailand have joined Singapore's Ripple-backed BLOOM initiative for cross-border stablecoin settlements.
Malaysia and Thailand have joined Singapore's Ripple-backed BLOOM initiative for cross-border stablecoin settlements. XRP (XRP) is trading at R$65,08 ($1.31). This is an original Kriptometre brief synthesising 2 outlets (TronWeekly, The Block), plus live market data, as of Fri, 23 Oct 2026 18:07:01 UTC.
The expansion of the BLOOM initiative signifies growing institutional adoption of stablecoins for international payments, potentially reducing costs and increasing efficiency in cross-border transactions.
- Malaysia and Thailand join Singapore's BLOOM initiative for stablecoin settlements.
- Ripple's RLUSD stablecoin has a circulating supply of $2.42B on the XRP Ledger.
- BLOOM aims to cut costs and improve coordination in cross-border stablecoin transactions.
- The initiative involves collaboration with major payment networks like Visa and Mastercard.
All four outlets (TronWeekly, Crypto.news, Cointelegraph, and The Block) agree that Malaysia and Thailand have joined Singapore's BLOOM initiative, which focuses on cross-border stablecoin and tokenized deposit settlements. They also concur that the initiative involves collaboration with major payment networks like Visa and Mastercard. However, Cointelegraph emphasizes the cost-cutting aspect of the initiative, while The Block and TronWeekly highlight the involvement of financial institutions in coordinating stablecoin use.
The Ripple-backed BLOOM initiative has expanded with the addition of Malaysia and Thailand, joining Singapore in a collaborative effort to enhance cross-border payment systems. This development marks a significant step in the adoption of stablecoins for international transactions, as reported by multiple outlets including TronWeekly, Crypto.news, Cointelegraph, and The Block.
The BLOOM initiative aims to coordinate the use of stablecoins and tokenized deposits among financial institutions, thereby reducing costs and improving the efficiency of cross-border payments. According to Cointelegraph, the initiative seeks to achieve these goals by facilitating better coordination among participating countries and institutions. TronWeekly and The Block further highlight the involvement of major payment networks like Visa and Mastercard, indicating a broad industry participation.
In related news, Cross River has integrated Ripple's RLUSD stablecoin on the 
XRP Ledger, as reported by TronWeekly. This integration supports real-time settlement and international payments, leveraging the $2.42 billion circulating supply of RLUSD, as verified by DeFiLlama. This move underscores the growing use of Ripple's technology in the stablecoin ecosystem.
The expansion of the BLOOM initiative comes at a time when the total crypto market cap stands at $2.8 trillion, with the overall market remaining relatively flat. 
Bitcoin has seen a slight 24-hour decrease of 0.03%, while XRP, Ripple's native token, is trading at $1.31, down 1.11% in the last 24 hours. The Fear & Greed index is at 50, indicating a neutral market sentiment.
The RLUSD stablecoin, with its $2.42 billion market cap, has shown minimal price movement, with a 24-hour change of -0.00% and a 7-day change of -0.02%. This stability is crucial for its use in international payments, as it provides a reliable medium of exchange.
The expansion of the BLOOM initiative and the integration of RLUSD on the XRP Ledger highlight the increasing institutional adoption of stablecoins and blockchain technology in the financial sector. As the initiative continues to grow, it will be important to monitor how these developments impact the broader adoption of stablecoins and the efficiency of cross-border transactions.
Since this brief published about 3 hours ago, XRP (XRP) has moved from R$65,08$1.31 to R$65,08$1.31 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Kriptometre's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Yatırım tavsiyesi değildir.
At today's peer-to-peer rate, 1 XRP ≈ 67.31 ₺ (about $1.31), up 0.3% over 24 hours. The real itself trades about 3.4% above the official rate on the P2P market, so a Turkish buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · 23 Ekim 2026.
Kriptometre reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ripple BLOOM Initiative Grows with Malaysia and Thailand' — questions & answers
What is the Ripple BLOOM initiative?
The BLOOM initiative is a collaborative effort to enhance cross-border payment systems using stablecoins and tokenized deposits.
Which countries have joined the BLOOM initiative?
Malaysia and Thailand have joined Singapore in the BLOOM initiative.
What is the circulating supply of RLUSD?
The circulating supply of RLUSD is $2.42 billion, as verified by DeFiLlama.
How much is 1 XRP worth in real today?
About 67.31 ₺ at the live peer-to-peer (P2P) USDT rate, which is what Turkishs typically trade at — equivalent to roughly $1.31. The real price moves with both XRP's US-dollar price and the USDT/BRL rate; use our XRP in real page for any amount.
Which outlets reported this story?
This is an original Kriptometre brief that synthesises reporting from TronWeekly, The Block, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Kriptometre brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.