Clearpool abandons Ethereum exclusivity and migrates its core infrastructure to the XRP Ledger, replacing the CPOOL token with CLEAR at a 1:1 ratio. The protocol will launch an institutional credit fund alongside Cicada Partners, with Ripple as a partner and settlements exclusively in RLUSD.
Clearpool has proposed expanding its institutional lending products to the XRP Ledger while replacing CPOOL with CLEAR through a 1:1 token migration and treasury recapitalization.
Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool and Cicada Partners handling the lending infrastructure and credit management. CoinDesk reported on Aug.