Clearpool Brings Institutional Credit to XRP Ledger with RLUSD

Clearpool, a leading DeFi lending protocol, has expanded to the XRP Ledger with its first institutional credit product. The product uses Ripple's RLUSD stablecoin to fund working capital loans for fintech and payments companies.

Clearpool partnered with Cicada Partners, which has over $860 million in credit underwriting experience, to manage risk and evaluate borrowers. Ripple is participating as a limited partner, contributing capital for RLUSD yield products alongside technical support for integrating the stablecoin.

The loans themselves target fintech and payments companies that need working capital, and will be denominated in RLUSD, with a market cap of roughly $2.37 billion.