Ripple Backs Institutional Credit Fund for Fintech Lending on XRPL
Ripple has announced its support for an institutional credit fund focused on providing working-capital loans in RLUSD, its US dollar-pegged stablecoin, to fintech and payments companies via the XRP Ledger (XRPL).
The initiative brings together Ripple, Clearpool's institutional lending platform, and Cicada Partners' credit management services.
Cicada will identify borrowers, structure loan terms, and oversee credit risk, while Clearpool develops the infrastructure for creating and managing lending pools. Ripple will participate as an investor alongside other institutional participants.