The XRP Ledger is moving beyond payments and token transfers as Clearpool, Ripple, and Cicada work on a new institutional lending market. The project could bring corporate credit onto XRPL, with loans settled in RLUSD.
Vet, the XRPL Foundation community lead and dUNL validator, says institutional “lending is coming.”
But can institutional lending also create new utility and demand for XRP, XRPL?
Clearpool Builds Credit Market With Ripple and CicadaIn a recent announcement on X, Clearpool said it is building the credit infrastructure using XRPL’s XLS-65 Single Asset Vaults and XLS-66 Lending Protocol.
Clearpool said that it;
“Institutions were never missing on-chain yield. They were missing a venue built for credit.
Therefore, its new project with Ripple and Cicada aims to address that gap by building lending infrastructure directly on XRPL.
Most on-chain credit runs on smart contracts: flexible, composable, battle-tested. XRPL takes a different path, lending as a native ledger primitive.
XLS-65 (Single Asset Vault) and XLS-66 (Lending Protocol) build the vault and the loan into the ledger itself. pic.twitter.com/WOL6HCGss7
— Clearpool (@ClearpoolFin) August 31, 2026 Cicada will handle borrower’s financial position, cash flows, and credit history before determining how much they can borrow and what rate they should pay. Borrowers and lenders will also need to pass KYC and AML checks.
Meanwhile, Ripple will provide the XRPL and RLUSD for loan payments and settlements. Ripple will also participate as a liquidity provider.
The goal is to create lending pools where vetted businesses can borrow RLUSD from institutional lenders and repay the loans with interest.
However, these features are not live on XRPL Mainnet yet.
Could Lending Increase XRP Utility?The immediate benefit is expected to go into XRPL, but it may also create some additional demand for XRP. Clearpool’s lending platform is expected to connect with XRPL’s native AMM, giving institutions a way to move between RLUSD and other assets.
For example, market makers providing liquidity to XRP/RLUSD pools would need to hold both XRP and RLUSD. This could increase the use of XRP within the lending ecosystem and potentially reduce some XRP from the freely traded supply.
The XRP Ledger also burns 100% of its transaction fees. Every transaction requires a small fee in XRP, and that XRP is permanently removed from circulation.
XRPL Network Activity Continues to BoomThe XRPL network is already processing around 1.09 million transactions per day, although activity has recently fallen by 42.7% from earlier monthly levels.
At the current rate, about 117.83 XRP is burned daily, while the ledger has burned around 7,680.43 XRP over the past 30 days.
These numbers show that XRPL already has strong network activity and a built-in XRP burn mechanism. However, the planned lending market is still under development, so it is too early to say how much additional XRP demand it could create.
For now, the key development is that institutional credit is being built directly around XRPL’s native features, potentially giving the network another major financial use case.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Ripple chystá vstup do tokenizovaného privátního úvěrování na XRP Ledger s RLUSD pro institucionální půjčky. Projekt s Clearpool Finance a Cicada Partners čeká na schválení validátory.
Ripple plans to enter the tokenized private credit market through a new institutional lending system on the XRP Ledger. RippleX is developing the lending feature with Clearpool Finance and Cicada Partners for real-world business borrowers. Loans will use Ripple’s RLUSD stablecoin, while lending transactions will run directly on XRPL. The system will use the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. XRP will remain necessary for transaction fees and wallet reserves, increasing its utility within the lending network. Ripple is preparing to expand XRP Ledger into institutional private credit through a new lending system built with Clearpool Finance and Cicada Partners. The plan aims to connect XRPL with a tokenized private credit market valued at above $10 billion while giving real-world businesses access to working capital across regulated institutional lending markets.
Unlike much of DeFi lending, where funds often circulate inside crypto markets, the proposed system will focus on fintech and payment companies. Borrowers will receive loans in RLUSD, Ripple’s regulated stablecoin, while XRPL will process lending activity on-chain.
Ripple Backs Native Lending Infrastructure RippleX developers plan to build the lending system directly into XRP Ledger through the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. The design removes reliance on third-party smart contracts and places core lending functions inside XRPL’s base protocol.
Loan pools, issuance, repayments, and related activity will all run on XRPL. Each transaction will require XRP for network fees and wallet reserves, giving the token a direct role in the lending process as activity grows.
RLUSD Loans Target Real-World Borrowers The lending system will use RLUSD for loans to businesses seeking working capital. The stablecoin operates under New York Department of Financial Services oversight, while Bank of New York provides custody support.
Ripple will also invest in the lending fund under the same terms as other institutions. The company will not guarantee returns, and all investors will share the same rights and risks on a pari passu basis.
Validator Vote Will Decide Mainnet Launch Developers have added compliance tools designed for institutional use. These include digital participant identities and a Clawback feature that can return funds when required under set rules.
Clearpool is now testing end-to-end lending scenarios on XRPL Devnet. A Mainnet launch will depend on independent validators approving and activating the XLS-65 and XLS-66 amendments through the network’s amendment voting process.
Clearpool just rolled out a product that sounds almost quaint by crypto standards: a vault that funds actual invoices and purchase orders. The Trade Finance Vault, launched on July 28, lets USDC holders park their stablecoins into on-chain trade finance deals with a target yield of 15%.
How the vault actually works The Trade Finance Vault funds tokenized invoices, purchase orders, and letters of credit. Think of it as the crypto version of factoring, where a company sells its unpaid invoices at a discount to get cash now, and the buyer collects the full amount later.
Clearpool built this in partnership with two key players. Tradevu, a trade finance originator, handles the deal flow. Cicada Credit manages risk assessment and underwriting, acting as the vault’s portfolio manager.
USDC holders deposit into the vault, that capital gets deployed into trade finance deals, and yields flow back to depositors. The 15% target sits at the top end of Clearpool’s broader vault ecosystem, where yields typically range from 6% to 15% depending on the underlying funding source.
Advertisement
Clearpool’s evolution from lending protocol to RWA infrastructure Clearpool launched in the 2021-2022 era, and the protocol has originated nearly $1 billion in loans since then. It operates across multiple blockchain networks including Ethereum, Polygon, and Avalanche.
The Trade Finance Vault represents the latest step in what’s been a deliberate march toward real-world asset integration. Earlier in 2025, Clearpool introduced PayFi Credit Pools and Fintech Vaults, both designed to connect on-chain capital with off-chain credit demand.
The CPOOL token serves as the protocol’s native governance and utility token, giving holders a stake in the direction of this expanding product suite.
What this means for investors The 15% target yield deserves some unpacking, because “target” is doing real work in that sentence. It’s not a guaranteed rate. Trade finance deals carry their own risk profile: counterparty risk from the companies issuing invoices, concentration risk if the portfolio leans too heavily on specific industries or geographies, and the operational risk inherent in bridging on-chain capital with off-chain commerce.
Trade finance has historically been one of the lower-default-rate segments of commercial lending. Invoices from creditworthy buyers tend to get paid, and the short duration of most trade finance deals, typically 30 to 120 days, limits exposure windows.
The presence of Cicada Credit as risk manager adds a layer of institutional underwriting that’s been conspicuously absent from many DeFi yield products.
Clearpool isn’t the only protocol chasing real-world yield. Centrifuge, Goldfinch, and Maple Finance have all carved out positions in the on-chain credit space, each with different approaches to underwriting, risk management, and asset selection.
Investors considering exposure should watch three things: actual realized yields versus the 15% target over the vault’s first few months, default rates within the trade finance portfolio, and the pace of capital inflows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Clearpool spojil síly s Cicada, aby posílil řízení rizik v PayFi lendingu a přilákal institucionální hráče. Cicada už poskytl více než 850 mil. USD úvěrů s mírou defaultu 1,2 %.
Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
Has Also Written
Last updated:
August 12, 2025
Clearpool, a decentralized capital markets ecosystem, has partnered with on-chain credit risk management company Cicada in a move to institutionalize PayFi lending with improved risk management.
In an announcement shared with Cryptonews on Monday, the partnership will boost Clearpool’s credibility and risk management in PayFi lending. Cicada will structure and underwrite PayFi lending opportunities and serve as the administrative agent for select Credit Pools.
Cicada has underwritten more than $850m in loans at a 1.2% default rate during the prior cycle.
🤝 Clearpool has partnered with Cicada to institutionalize PayFi lending with risk-managed Credit Pools
Cicada is an on-chain credit risk management company founded by a seasoned team of former buy- and sell-side credit professionals. Cicada’s co-founders have deep crypto… pic.twitter.com/JY79tNCVqE
— Clearpool (@ClearpoolFin) August 11, 2025 Clearpool’s partnership with Cicada could shake up the lending space, bringing more institutional players into the DeFi fold.
Clearpool Expands to Payment Financing or PayFiAccording to Jakob Kronbichler, CEO of Clearpool, Cicada’s risk management integration would strengthen Clearpool’s institutional infrastructure for PayFi lending.
“While stablecoin settlements are instant, underlying fiat flows are not, forcing fintechs to bridge liquidity gaps,” he said. “This partnership enhances our proven credit framework and supports the growth of the emerging trillion-dollar stablecoin payment ecosystem.”
Clearpool will be launching PayFi Credit Pools for users to access these highly liquid, real-world yield opportunities. This means facilitating credit to institutional lenders specializing in short-term stablecoin-based working capital to fintech operators.
It will also launch cpUSD, a permissionless, yield-bearing asset, which will enable retail to tap into real-world stablecoin payments.
Cicada offers Risk-as-a-Service (RaaS) Solutions to DeFi Protocols On the other hand, Cicada offers Risk-as-a-Service (RaaS) solutions, including third-party underwriting, pool management for DeFi protocols and risk structuring.
“Partnering with Clearpool allows us to elevate PayFi lending by combining our underwriting and risk management expertise with their innovative credit products,” said Sefton Kincaid, Managing Partner of Cicada Partners.
The partnership will accelerate the adoption of PayFi by laying the groundwork for more safer, transparent and scalable stablecoin ecosystem.
“Together, we’re advancing professionally managed Credit Pools and strengthening Clearpool’s offering to borrowers and lenders in the growing stablecoin economy,” Kincaid added.
Clearpool has announced its groundbreaking collaboration with Plasma, marking a significant step forward in redefining the landscape of global payments. This partnership aims to empower Plasma’s mainnet by building a flagship yield-bearing stablecoin, cpUSD. With this, the platform is set to pave the way for a scalable and credit-backed stablecoin liquidity among both emerging and developed markets.
Clearpool 🤝 @PlasmaFDN: Two Forces, One Vision
Clearpool is launching cpUSD on Plasma.
Our flagship yield-bearing asset is powered by PayFi Vaults, which finance short-term credit for stablecoin-settled payments from remittances to card processors.
This partnership scales… pic.twitter.com/LpsZ6rVed7
— Clearpool (@ClearpoolFin) September 24, 2025 Clearpool, a decentralized marketplace for unsecured liquidity, has announced the news through its official X account. The other partner, Plasma, is a purpose-built blockchain for stablecoin transactions.
Clearpool and Plasma to Bridge cpUSD with Plasma’s Payment Infrastructure With this partnership, Clearpool and Plasma are poised to expand their shared vision while laying the foundations for DeFi integrations. They both aim to scale stablecoin-powered liquidity to advance global payments. Clearpool’s cpUSD is powered by PayFi Vaults, offering yield-bearing opportunities to fulfill the short-term financial credit needs of institutional lenders, including remittances and card processors. These credit channels are infused with Plasma to execute a chain that is especially created for payment efficiency and scale.
Plasma is supported by Founders Fund, Bitfinex, and Framework Ventures. At the time of launch, the network boasted more than $2 billion in stablecoin TVL. Plasma offers zero-fee USDT transfers, complete EVM compatibility, and partnerships with major DeFi protocols such as Aave and Euler.
With this, the platform strives to cement its position as a cornerstone for the stablecoin ecosystem. In this way, Plasma becomes the ideal home for Clearpool’s cpUSD. Through this integration, the platform is set to expand its utility for trading, lending, settlement, and collateralized DeFi applications.
Clearpool’s cpUSD is built to maximize utility along with stability, allocating 75% PayFi Vaults and 25% to liquid yield-bearing stablecoins for redemption flexibility. Plasma’s mission perfectly aligns with this structure, skimming high-volume stablecoin flows. Clearpool, by combining efforts with Plasma, aims to foster a vision for stablecoins to go beyond speculative use cases.
The CEO and Co-founder of Clearpool, Jakob Kronbichler, states that, “Plasma is creating the payments infrastructure that stablecoins have always needed.” Paul Faecks, the counterpart at Plasma, echoed the statement by saying, “By bringing cpUSD to Plasma, we’re ensuring that fintechs can access credit at scale on a chain built for their core use cases.”
The two platforms are poised to unite Clearpool’s credit solutions with Plasma’s payment infrastructure. With this, both strive to pave the way for the next level of stablecoin adoption. There, the stablecoins can move the world, not just a market.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Clearpool obnovuje zpětné odkupy CPOOL z výnosů z Dynamic Pools, Clearpool Prime, Credit Vaults a USDX T-Pool. Polovina tokenů půjde do Clearpool Rewards, druhá do Clearpool Reserve.
TLDR: Clearpool will repurchase CPOOL using revenue from its pools, vaults, and Prime protocol operations. 50% of all repurchased CPOOL will go to Clearpool Rewards, supporting token holder incentives. The remaining 50% of tokens will strengthen the Clearpool Reserve for future ecosystem growth. Buybacks were paused as Clearpool prepared its Fintech Vault and PayFi product expansion.
Clearpool is reviving its buyback program, marking a fresh chapter for the DeFi lender’s growing ecosystem.
The protocol confirmed it will repurchase its native token, CPOOL, from the open market using revenue from recent quarters. This follows months of strategic pause as the team refined its direction and rolled out new products. The initiative signals a renewed commitment to value capture within its ecosystem.
CPOOL Buyback Program Resumes With New Funding Source According to Clearpool’s announcement, the buyback initiative will draw on revenue generated from Dynamic Pools, Clearpool Prime, Credit Vaults, and the USDX T-Pool. These sources have built consistent inflows since the protocol’s last operational update.
The company stated that buybacks had been paused in earlier quarters as it finalized a shift in product strategy.
That adjustment is now reflected in new launches such as the Fintech Vault and PayFi. These products extend the protocol’s lending capabilities to a wider market segment while diversifying its revenue base.
With these expansions live, Clearpool will begin acquiring CPOOL again in structured cycles. The buyback activity is expected to provide steady demand for the token while reflecting the project’s long-term growth approach.
The new plan formalizes a balance between ecosystem sustainability and holder incentives, two themes central to the project’s recent roadmap.
Clearpool is resuming its buyback program to purchase $CPOOL from the open market, initiating a series of planned buybacks.
The program will utilize revenue generated from recent quarters across the full Clearpool ecosystem, including Dynamic Pools, Clearpool Prime, Credit… pic.twitter.com/NOFWFnYopz
— Clearpool (@ClearpoolFin) October 20, 2025
Half of Purchased Tokens Head to Rewards and Reserve Funds Clearpool outlined that 50% of all repurchased CPOOL tokens will be deposited into Clearpool Rewards, a system designed to enhance community participation. The other half will be directed to the Clearpool Reserve, supporting ecosystem development and liquidity measures.
This split aims to ensure that both users and the protocol benefit from ongoing buybacks. It also positions Clearpool’s treasury to respond more flexibly to future market conditions.
Analysts observing the update suggested that this structure could add steady pressure on circulating supply while reinforcing protocol backing. While no timeline for completion was disclosed, the strategy implies buybacks will occur periodically as revenue accumulates.
By reinvesting operational income into its native token, Clearpool continues aligning revenue performance with community growth. The model reflects a tightening link between its ecosystem’s utility and the underlying asset’s activity.
South Korea-based cryptocurrency exchange Upbit has announced new market support for the digital asset Clearpool (CPOOL). The exchange announced that CPOOL will be listed on KRW (Korean Won), BTC (Bitcoin), and USDT (Tether) trading pairs.
Upbit Announces New Market Support for Clearpool (CPOOL) According to the statement, CPOOL deposits and withdrawals will become active within 1 hour and 30 minutes of the announcement. CPOOL spot transactions will begin at 4:30 PM on October 22nd.
CPOOL will be traded on the Ethereum network. Upbit emphasized that users should carefully select the correct network before depositing assets. It warned that assets sent via different networks may not be processed and that the refund process may take longer.
During the new listing, various trading restrictions will be implemented to counter market volatility:
Buy orders will be closed during the first 5 minutes after the trade is opened.
Sell orders cannot be placed 10% below the previous day's closing price.
Only limit orders will be accepted for 2 hours after the start of trading.
Clearpool operates as a decentralized lending marketplace offering collateral-free lending to institutional investors. The project aims to strengthen the bridge between traditional finance and DeFi (decentralized finance). The platform provides institutional lending infrastructure through various products, including PayFi Vault, USDX Treasury Pool, Dynamic, and Prime lending pools.
The CPOOL token is used for staking, governance, and incentive mechanisms on the network.
With this move, Upbit aims to expand access to DeFi-based lending protocols and increase liquidity options for institutional users.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
CPOOL, the native token of the DeFi institutional credit protocol Clearpool, went parabolic after Upbit announced its listing.
Summary
Clearpool price rose over 70% after Upbit announced support for the token. A descending parallel channel pattern has formed on the daily chart. A clean breakout from $0.172 level could potentially lead to over 40% upside for CPOOL. According to data from crypto.news, Clearpool (CPOOL) rallied 72% to an intraday high of $0.172 before settling at $0.134 at the time of writing.
CPOOL’s gains came along with a 780% surge in its daily trading volume in the spot market, hinting at robust demand from investors. Data from CoinGlass also pointed to a massive uptick in open interest in its futures market, with OI rising nearly 3,000% to $3.69 million, suggesting growing speculative interest.
A closer look at the long/short ratio across all exchanges also stood at 1.14. This means that a larger number of traders have leaned into bullish bets, a factor that could continue to drive positive sentiment among new investors.
Clearpool’s price shot up today shortly after the South Korean crypto exchange Upbit announced it would list the token on its platform. Listings on major exchanges like Upbit, which boasts the highest trading volume in South Korea, often enhance a token’s visibility and credibility, attracting a wave of new investors and triggering sharp price gains.
As earlier reported by crypto.news, ORCA, the native token of the Solana-based DEX Orca, rallied over 200% shortly after a similar listing announcement from Upbit.
However, investors should note that listing-based, community hype-driven rallies often face sharp pullbacks within days as traders start booking profits.
For the uninitiated, Clearpool is a decentralized institutional credit protocol that connects verified institutional borrowers with unsecured liquidity from DeFi lenders. The CPOOL token enables staking, governance, and incentivizes participants within the Clearpool protocol.
Clearpool price analysis On the daily chart, CPOOL price has broken out from the upper boundary of a descending parallel channel that had been forming since mid‑August.
Clearpool price has broken out of a descending parallel channel pattern on the daily chart — Oct. 22 | Source: crypto.news Descending parallel channel patterns usually show a token making lower highs and lower lows. The price moves within two downward-sloping, parallel lines, forming a steady downtrend. If the price breaks above the top line, it often signals a bullish reversal. But if it breaks below the bottom line, it usually means the downtrend will continue.
Technical indicators support the bullish picture at press time. Notably, the MACD line has crossed above the signal line, indicating momentum is continuing to shift in favor of bulls. Meanwhile, the RSI has climbed sharply to 57, moving above its neutral zone, which in turn suggests renewed buying pressure.
For now, the key resistance lies near $0.172, the intraday high formed earlier today. This level also coincides closely with the 61.8% Fibonacci retracement drawn from the Aug. 23 high to the Oct. 10 low, a critical zone that often acts as a major inflection point.
A decisive break above this resistance could instill bulls to target $0.190, a level where buying momentum had previously stalled, making it a key psychological barrier in the short term. The said level lies 42% above the current price level.
On the downside, a drop below $0.116, corresponding to the 23.6% Fibonacci retracement level, could invalidate the current rally and tilt momentum back in favor of the bears.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
