Singapore’s FOMO Pay enabled Ripple’s USD-backed stablecoin RLUSD for merchant and cross-border transactions today. The firm is a licensed Major Payment Institution under the Monetary Authority of Singapore. It framed RLUSD as enterprise-grade and suitable for settlement. The rollout adds a fiat-stablecoin rail in a region where stablecoin use in trade and treasury is rising. FOMO Pay already offers multi-currency collection and payout services across Asia, so RLUSD plugs into existing merchant flows.