Clearpool Launches First Institutional Credit Product on Ripple's XRP Ledger
Clearpool has announced the expansion of its services onto the XRP Ledger (XRPL), marking a significant milestone as it introduces the first institutional credit product built around Ripple’s RLUSD stablecoin. The initiative, developed in collaboration with Cicada Partners and Hex Trust, aims to provide working capital for fintech companies while offering secure yield opportunities for lenders. The project leverages XLS-65 Single Asset Vaults for deposit pooling and utilizes the XLS-66 Lending Protocol for loan servicing directly on the ledger. Ripple is participating as a limited partner alongside other institutional investors, without providing guarantees against losses. Clearpool highlights RLUSD’s rapid growth—over $2.3 billion in circulation within two years—as key to this development. This move aligns with growing institutional interest in XRP-related products and follows recent positive inflows into XRP ETFs.
Topics: Clearpool expansion institutional credit product RLUSD stablecoin XRP Ledger