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Clearpool has rolled out a redesigned version of its decentralized application. The new interface includes a dedicated swap tool that lets holders convert their CPOOL tokens into a new token called CLEAR at a 1:1 ratio.
The tool went live on October 5, 2026, at clearpool.finance/swap. It arrives three days after the protocol’s community voted to approve a broader strategic shift.
What changed and what holders get The migration follows a Snapshot governance vote held on October 2, 2026. According to the research findings, 97.16% of participants backed both the expansion to the XRP Ledger (XRPL) and the token migration.
The token economics are shifting along with the ticker. CLEAR will launch with a supply of 1.125 billion tokens, up from the 1 billion CPOOL tokens that existed before.
Of that new supply, 70% is set to go to existing CPOOL holders through the 1:1 conversion.
There is also a new value-return mechanism. Clearpool plans to direct 50% of protocol fees toward buying CLEAR on the open market and burning it.
Implementation of the broader plan is scheduled for the fourth quarter of 2026. The research findings note that comprehensive details are expected to be disclosed later.
The XRP Ledger pivot The token swap is the visible piece of a larger strategic move. Clearpool is pivoting toward institutional lending products on the XRP Ledger.
Those loans are set to be settled in RLUSD, the stablecoin issued by Ripple.
Clearpool is executing the initiative alongside several partners. Ripple is involved, as is Cicada Partners, while Hex Trust is handling custody services.
The protocol is not a newcomer. Clearpool launched on Ethereum in 2021 and has originated nearly $1 billion in loans since then.
Why the rebrand and migration matter For existing holders, the immediate question is practical. The 1:1 swap preserves their token count, but the supply increase to 1.125 billion means each token represents a slightly smaller share of the total than before.
Holders and observers should watch a few things over the coming months. The first is the remaining 30% of CLEAR supply, since how those tokens are allocated and released will shape the token’s dilution profile.
The second is the timeline. The plan is scheduled for Q4 2026, and further details are expected, so the specifics of the XRPL lending launch will clarify how quickly the new business can generate fees.
The third is participation in the swap itself. Migrations depend on holders actually showing up to convert, and a new dApp design with a dedicated swap page is clearly meant to make that step as frictionless as possible.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
In This Article What Changes in the CPOOL-to-CLEAR Migration?More Ledger Utility Does Not Automatically Mean More XRP Ripple DemandWhat Would Make the XRP Catalyst Stronger? Clearpool holders approved an expansion to the XRP Ripple Ledger with 97% support, backing a one-for-one conversion from CPOOL to the new CLEAR token.
But the institutional credit product tied to the move lends and repays in RLUSD, not XRP-a distinction that could lift activity on the ledger without creating much direct demand for XRP.
Governance vote passed ✅
The Clearpool community has approved expansion to the XRP Ledger and the 1:1 migration of CPOOL → CLEAR with 97.16% in favor.
Migration is targeted for Q4. More details on next steps to come 🙏 pic.twitter.com/fyb7hcg5eB
— Clearpool (@ClearpoolFin) October 5, 2026
According to multiple reports, the migration was reported on October 5, 2026, with the transition expected in the fourth quarter. XRP was about $1.51 that day, up 0.8% over 24 hours and 1.9% over seven days.
Clearpool is adding credit infrastructure to XRPL, but the announced product’s dollar-based settlement does not require borrowers to use XRP Ripple tokens, a caveat that investors should be taking note of.
What Changes in the CPOOL-to-CLEAR Migration? CPOOL, Clearpool’s token, will convert to CLEAR at a 1:1 ratio on the XRP Ledger, with an initial circulation of 1.1 billion CLEAR tokens. The token migration changes how transactions are recorded but does not affect Clearpool’s borrowers or loan sizes, as the Ethereum marketplace will continue to operate alongside the XRPL expansion.
Clearpool partners with Ripple and Cicada Partners: Clearpool provides lending infrastructure, Cicada assesses borrowers, and Ripple is a limited partner without loss guarantees. Target borrowers include fintechs and payment processors seeking working capital. Since 2021, Clearpool has facilitated over $930M in loans, while Cicada has underwritten over $ 860M.
Loans are processed in RLUSD, a dollar-pegged stablecoin, with XRP used for network fees that are burned. Clearpool plans to allocate half of its protocol fees to buy back and burn CLEAR, benefiting CLEAR holders but not creating direct demand for XRP. The distinction between RLUSD usage and XRP demand is significant, as using a dollar stablecoin does not equate to needing XRP for loans.
🔥 CLEARPOOL EXPANDS TO XRPL 🔥
Clearpool’s community has approved its expansion to the XRP Ledger with 97.16% support, alongside the migration from CPOOL to CLEAR.
Another institutional credit project is moving toward XRPL.
The infrastructure keeps expanding. pic.twitter.com/Du2sXKTzyC
— John Squire (@TheCryptoSquire) October 6, 2026
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More Ledger Utility Does Not Automatically Mean More XRP Ripple Demand Clearpool’s governance forum describes the XRPL initiative as part of a broader move toward institutional credit, with the lending infrastructure still subject to technical rollout. Its proposal says the product was being tested on XRPL Devnet and that the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol were in the amendment process. Those details make execution-not just the vote-an important part of the story.
For the XRP price case, the primary article’s October 5 snapshot provides difficult context: XRP was down 50% over the prior year and about 59% below its reported $3.65 all-time high from July 2025. It put XRP’s market capitalization near $95 billion, with approximately 63.1 billion tokens circulating against a maximum supply of 100 billion.
A project migration alone is a small demand signal for an asset of that scale. The primary article also notes that Ripple continues to release XRP from escrow reserves over time, another supply factor investors may weigh alongside any new demand.
XRPL activity and XRP demand are related, but they are not interchangeable. The use of RLUSD across Ethereum and the XRP Ledger helps illustrate why a stablecoin can support ledger activity without making XRP the principal asset in a transaction.
(SOURCE: DefiLlama)
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What Would Make the XRP Catalyst Stronger? Bull case: Future Clearpool or Ripple products could use XRP as collateral, require XRP liquidity, or connect currencies through XRP. Those uses would create a more direct link between credit activity and demand for the token, but the current RLUSD-denominated product doesn’t establish them.
Base case: The migration brings a credit platform and more RLUSD activity to XRPL, while XRP’s role remains mainly transaction fees. In that scenario, the ledger gains utility but the price effect stays limited.
Bear case: Loans remain in RLUSD and protocol-fee buybacks support CLEAR, leaving little incremental reason for borrowers or lenders to hold XRP. That would reinforce the distinction between network growth and token demand highlighted by XRP Ledger activity and demand for XRP.
The 97% vote is meaningful evidence that Clearpool intends to expand institutional credit on XRPL. It is not, on its own, evidence of a strong XRP-price catalyst: the announced loans use RLUSD, while the planned fee buybacks target CLEAR.
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Institutional credit marketplace Clearpool is officially changing its blockchain home as it prepares to replace its key asset. The project's community has overwhelmingly approved — with 97.16% voting in favor — a major expansion onto the XRP Ledger (XRPL) and the full migration of its native CPOOL token to a new asset, CLEAR.
The move closes the strategic discussion phase and formally establishes the framework for an alliance with Ripple in the rapidly growing sector of on-chain lending backed by real-world assets (RWA Private Credit).
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Unlike traditional DeFi protocols built around speculative loans collateralized by volatile crypto assets, Clearpool is bringing infrastructure to XRPL for financing working capital in the real fintech sector.
Governance vote passed ✅ The Clearpool community has approved expansion to the XRP Ledger and the 1:1 migration of CPOOL → CLEAR with 97.16% in favor. Migration is targeted for Q4. More details on next steps to come 🙏 https://t.co/fyb7hcg5eB
— Clearpool (@ClearpoolFin) October 5, 2026 The deal's structure is pragmatic: the platform provides the technology rails and smart contracts, credit manager Cicada Partners audits borrowers and underwrites risk, while Ripple joins the pools as a limited partner.
Financing will be conducted exclusively in the dollar stablecoin RLUSD (Ripple USD), giving the coin its first organic circulation among institutional investors. Custody provider Hex Trust, a longtime Ripple partner, will provide additional security and compliance bridges for the arrangement.
Why replace one token with another? (And what does fee burning have to do with it?)The 1:1 token migration is scheduled for the fourth quarter of 2026. The team is combining the process with a recapitalization: the initial supply of the new CLEAR asset will rise to 1.125 billion tokens, compared with CPOOL's previous supply of one billion. To protect investors from dilution, 70% of the new supply will be distributed to current holders at launch.
Developers plan to balance the remaining supply with a strict deflationary mechanism: exactly half of all fees collected by the platform will go to the open market to buy back and permanently burn CLEAR.
The technological foundation for the expansion is also being built with future growth in mind. The product relies entirely on the ledger's native standards — XLS-65 (regulated single-asset pools) and XLS-66 (an unsecured lending protocol). In early October, these amendments are still being tested on Devnet, awaiting the required approval from 80% of validators before full deployment on the XRPL mainnet.
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Clearpool weekly price chart shows a bullish breakout attempt above key moving averages on October 5, 2026, Source: TradingViewThe market, however, reacted to the vote's outcome well in advance. TradingView charts show that CPOOL has firmly broken out of a year-long accumulation range of around $0.013–$0.020 and reached $0.036554. The current bullish momentum has pushed the price above the medium-term moving average at $0.028192, turning it into a strong support level.
With the asset swap approaching in the fourth quarter, the nearest significant target for buyers remains the long-term resistance zone around $0.101003.
Clearpool Finance is expanding its institutional credit infrastructure by leveraging the XRP Ledger, as announced on social media. This initiative aims to enhance the XRP Ledger’s capabilities beyond its traditional roles in payments and exchange activity. Clearpool’s new lending products, including those tied to native credit standards such as Single Asset Vaults and the Lending Protocol, are still under development. The move suggests an intention to integrate real-world assets and institutional lending into the XRP Ledger’s ecosystem, potentially increasing its utility and adoption.
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Key Takeaways Market activity suggests participants may view Clearpool’s initiative as potentially enhancing XRP’s utility, which could be supportive of higher XRP valuations. The XRP price prediction market shows a notable increase in the probability of XRP reaching $1.60, indicating some market optimism. Current market pricing still reflects caution, with relatively low probabilities for higher price thresholds like $3.00. What to Watch Market participants will likely pay close attention to the development progress of Clearpool’s infrastructure on the XRP Ledger. Key events that could influence market views include successful activation of Clearpool’s products, potential partnerships announced by Ripple, and legislative developments regarding crypto regulation in the U.S. Observers will also monitor broader crypto market conditions, as these could affect XRP’s price movements.
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Clearpool, a decentralized marketplace focused on on-chain institutional credit, has outlined plans to extend its lending stack to the XRP Ledger. The firm positions the move as its next growth chapter, arguing that XRPL is a mature network whose institutional credit market remains comparatively undeveloped.
Rather than simply porting existing products, Clearpool intends to build lending infrastructure that sits on the ledger’s own proposed primitives.
Those primitives are Single Asset Vaults (XLS-65) and the Lending Protocol (XLS-66).
Vaults would pool a single asset under defined management rules.
The lending standard would then use that pooled liquidity to originate, service, and repay fixed-term loans at the protocol level, with issuance, interest, repayment, and accounting handled as ledger operations rather than as conventional smart-contract logic.
Loans on the new stack are expected to be denominated in RLUSD, Ripple’s regulated dollar stablecoin, with institutional custody support from Hex Trust.
The XRPL effort builds on an earlier collaboration. Clearpool supplies the marketplace and vault infrastructure.
Ripple participates as a limited partner in the credit fund on the same terms as other investors, rather than as a backstop.
Clearpool says it has originated close to $1 billion in institutional loans since 2021, while Cicada cites more than $860 million in underwritten credit.
Together they present the XRPL deployment as a way to bring real-world, compliance-aware lending to a network that already embeds identity and permissioning features.
To fund incentives and expansion, Clearpool has put a governance proposal before tokenholders.
The plan pairs a treasury recapitalization with a 1:1 migration from CPOOL to a new token, CLEAR.
About 70 percent of the new supply would go to existing holders.
The remainder would be split among treasury, ecosystem, and contributors, lifting total supply modestly above the current one billion CPOOL.
Protocol fees would later support open-market buybacks and burns.
The vote is slated for Snapshot, and the company has framed the token change as inseparable from the XRPL product push rather than a standalone rebrand.
Mainnet launch still depends on XRPL validators approving the XLS-65 and XLS-66 amendments.
Related credit fund activity has already been tested on a development network.
Clearpool currently operates across several chains, including Ethereum, Optimism, Base, Arbitrum, Mantle, and Plume, and markets products ranging from T-bill-backed treasury pools to permissioned institutional credit and revolving facilities for real-world commerce.
The XRPL work is presented as an extension of that multi-chain liquidity layer into a network where settlement, compliance, and lending can sit closer to the base protocol.
If the standards activate and the community approves the token plan, Clearpool would become one of the first teams to run institutional-grade credit rails natively on XRPL.
The pitch is straightforward: pair an established credit marketplace with ledger-level vaults and loans, settle in RLUSD, and open a channel for fintech and payments firms that need short-term working capital on a network built for institutional settlement.
Clearpool, a DeFi lending protocol that has originated over $965 million in loans since 2021, is building the first institutional credit product native to the XRP Ledger. The product will use Ripple’s RLUSD stablecoin to fund working capital loans for fintech and payments companies, with Cicada Partners handling credit management.
How the deal is structured The three-way partnership between Clearpool, Ripple, and Cicada Partners was announced on August 20-21, 2026. Clearpool provides the lending protocol infrastructure. Cicada Partners, which has over $860 million in credit underwriting experience, serves as the credit manager responsible for evaluating borrowers and managing risk. 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, Ripple’s stablecoin that launched in December 2024 and has since grown to a market cap of roughly $2.37 billion.
The product is currently being tested on XRPL’s Devnet and has not gone live on the mainnet yet. Clearpool’s lending infrastructure on XRPL relies on two proposed standards: XLS-65, which covers Single Asset Vaults, and XLS-66, which handles the Lending Protocol. Both are still awaiting validator approval before they can be activated on the main network.
Why RLUSD matters for this product Unlike many stablecoins in the DeFi ecosystem, RLUSD operates under the supervision of the New York Department of Financial Services, with custody handled by BNY. The yield generated from these loans comes from actual economic activity—specifically companies borrowing to fund operations—rather than from token emissions or recursive DeFi strategies. Ripple’s dual role as both a technology provider and a capital contributor is structured to build utility for RLUSD beyond simple transfers.
Clearpool’s token migration and broader strategy Alongside the XRPL expansion, Clearpool published a governance proposal on September 11, 2026, for a 1:1 migration from its existing CPOOL token to a new token called CLEAR. The proposal includes increasing total token supply from 1 billion CPOOL to 1.125 billion CLEAR, with 70% of the new supply allocated to existing holders.
Clearpool’s current total value locked sits at approximately $30 million, against $965 million in cumulative loan originations, which reflects the nature of credit markets where loans are issued, repaid, and recycled rather than sitting locked in pools indefinitely.
What this means for XRPL and institutional DeFi If validators approve XLS-65 and XLS-66, the network would have native support for vault and lending primitives. Previous undercollateralized lending protocols in DeFi including Maple Finance and TrueFi have navigated defaults and liquidity crunches. Clearpool’s approach of using Cicada Partners as credit manager is designed to mitigate that risk. With RLUSD supervised by NYDFS and custodied by BNY, and with Cicada providing traditional credit underwriting, the product sits closer to the regulated end of the DeFi spectrum.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Clearpool, the institutional lending protocol that has originated over $965 million in loans since 2021, is proposing a full migration to the XRP Ledger. The move would bring its entire credit infrastructure onto XRPL and introduce a new token, new credit standards, and a Ripple-backed fund targeting fintech borrowers.
The governance proposal was opened for community discussion on September 11, 2026. If approved, it would represent one of the most significant protocol migrations in recent DeFi history, effectively relocating an established lending platform from its current infrastructure to a completely different chain.
What the migration actually involves At the core of the proposal is a token swap: Clearpool’s existing CPOOL token would be exchanged for a new CLEAR token at a 1:1 ratio.
The initial total supply of CLEAR would be set at 1.125 billion tokens, with a long-term target of 1.428 billion due to scheduled unlocks. The allocation breaks down as follows: 70% goes to existing CPOOL holders, 15% is earmarked for treasury and partnerships, and the remaining 15% is split between ecosystem incentives and contributors.
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To offset dilution concerns, Clearpool is proposing that 50% of all protocol fees go toward open-market buybacks and permanent burns of the CLEAR token.
The protocol currently holds $30 million in Total Value Locked.
The Ripple and Cicada connection Ripple is participating as a limited partner in a new credit fund that will focus on RLUSD-denominated institutional loans for the fintech sector. Ripple’s exact financial commitment to the fund remains undisclosed.
Cicada Partners, which has historically underwritten more than $860 million in loans, will handle credit risk assessment and borrower sourcing for the new fund.
New credit standards still need validator approval The migration also introduces two proposed XRPL standards that would power Clearpool’s credit products: Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66).
Both XLS-65 and XLS-66 require 80% validator approval before they can activate on mainnet. That threshold hasn’t been met yet, and until it is, Clearpool’s most ambitious product plans remain theoretical.
Why XRPL, and why now XRPL has positioned itself as a payments-first blockchain with growing ambitions in tokenized finance. RLUSD’s launch gave the ecosystem a regulated stablecoin that bridges traditional finance expectations with on-chain settlement.
Clearpool’s $965 million in loan originations demonstrates that institutional demand for on-chain credit exists. For existing CPOOL holders, the 1:1 swap and 70% allocation provide a relatively clean transition path, though the supply expansion to 1.125 billion (and eventually 1.428 billion) tokens introduces dilution that the buyback-and-burn mechanism would need to offset.
The validator vote on XLS-65 and XLS-66 is the first domino that needs to fall. Everything else — the credit fund, the RLUSD lending products, the full protocol migration — builds on those two amendments reaching the 80% threshold.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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The Clearpool credit protocol is officially breaking its exclusive ties to the Ethereum ecosystem. The platform has announced a migration: it is moving its core infrastructure rails to the XRP Ledger (XRPL), leaving its previous growth constraints behind and initiating a full migration of its native token from CPOOL to CLEAR.
The project is effectively becoming Ripple's main on-chain lending partner, positioning itself to take control of the emerging institutional capital market on the network.
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The XRP Ledger has historically been associated with cross-border payments rather than DeFi activity. Due to the lack of flexible financial instruments, vast reserves of liquidity within the XRP ecosystem remained idle for years, while Ethereum maintained total dominance in lending.
The situation has changed. With the launch of the XRPL v3 upgrade, the network has finally gained native lending mechanisms. Clearpool is entering this market at its earliest stage, aiming to replicate the success of Morpho's model on Ethereum, which has attracted more than $14 billion in deposits, but apply it to real-world businesses and private credit in entirely new territory.
CLEAR token allocation structure and vesting schedules for the XRP Ledger expansion. Source: Clearpool Governance ForumThis is not simply a rebranding exercise designed to generate headlines. Clearpool's expansion is tied to the launch of a major commercial product. Together with Cicada Partners, the project is launching an institutional credit fund to finance fintech and payment companies.
Currency: All settlements and payouts will be conducted exclusively in RLUSD, Ripple's new regulated U.S. dollar stablecoin.Ripple's role: Ripple itself has joined the fund as a limited partner, providing the capital needed to supply liquidity to the first lending pools.Current status: The architecture is already being tested on Devnet, while validators on the mainnet conduct the final vote on activating the lending-related upgrades.Hex Trust, a major regulated custodian, will be responsible for security and borrower verification. It will handle compliance requirements and connect the new XRPL pools with the ERC-20 infrastructure familiar to investors.
Why replace a token that was already working?The previous CPOOL token, launched in 2021 during the era of Ethereum's dominance, has exhausted its potential: 99% of its supply has already been distributed, leaving the project without reserves to incentivize liquidity across new markets.
The new CLEAR token is intended to become a symbol of transparency. Its name reflects a move away from lending "black boxes" in favor of open, auditable terms and allocations. Resetting the treasury will allow the project to aggressively capture market share on XRPL without being constrained by the limitations of its old ecosystem.
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To prevent CLEAR from losing value, Clearpool is reinstating a strict deflationary model. Half of all fees generated by the protocol's lending products will be used to buy back tokens on the open market and permanently burn them. The remaining 50% will be distributed to active stakers.
The proposal has been published on the Clearpool forum for a 14-day community discussion period. Once that period ends, the final decision on launching the migration and activating the XRPL pools will be submitted to a general Snapshot vote by tokenholders.
Clearpool, a decentralized credit protocol previously built on Ethereum, is transitioning its entire core infrastructure to the XRP Ledger (XRPL). The platform has outlined plans to migrate its native token from CPOOL to a new asset called CLEAR, aiming to overcome prior growth limitations associated with the Ethereum network.
Clearpool reshapes its strategy with XRPL migrationBy relocating to XRPL, Clearpool is positioning itself as a principal on-chain lending partner for Ripple, the company behind the XRP Ledger. This strategic shift seeks to harness untapped institutional capital within the XRPL ecosystem and foster new lending markets that had faced constraints on Ethereum.
Historically, the XRP Ledger focused on cross-border payments rather than decentralized finance (DeFi) products. Its lack of advanced lending tools left substantial XRP liquidity unused, while Ethereum led the decentralized lending sector.
Recent developments have altered the landscape. The XRPL v3 upgrade has introduced native lending functions to the network. Clearpool enters this market at an early stage, aiming to adapt Morpho’s successful Ethereum lending model to real-world business and private credit applications on XRPL. Morpho is known for facilitating over $14 billion in deposits within the Ethereum DeFi ecosystem.
Mini dictionary: XRPL v3, the latest version of the XRP Ledger protocol, has added native lending features, allowing developers to build DeFi credit products directly on the XRP network.
New institutional credit fund and CLEAR token launchClearpool’s migration is coupled with the launch of a significant commercial offering. In partnership with Cicada Partners, Clearpool is establishing an institutional credit fund designed to finance fintech and payment companies.
All settlements and payouts in the fund will utilize RLUSD, Ripple’s newly launched regulated U.S. dollar stablecoin. Ripple has also joined as a limited partner, providing liquidity for the initial lending pools.
Currently, the system is undergoing testing on the Devnet, while XRPL mainnet validators hold the final vote on enabling new lending functionality. Hex Trust, a regulated digital asset custodian, is tasked with overseeing security, borrower verification, compliance, and interoperability with Ethereum’s ERC-20 infrastructure.
Mini dictionary: Hex Trust is a licensed digital asset custodian serving institutional clients by providing secure custody and compliance services for cryptocurrencies.
CPOOL to CLEAR: Token migration and new economicsClearpool’s original governance token, CPOOL, debuted in 2021 but now faces distribution exhaustion, with 99% of supply already released and minimal resources left for incentivizing liquidity.
The upcoming CLEAR token represents a transparent new phase. The treasury reset will enable aggressive market expansion within XRPL. The project intends to implement a strictly deflationary model for CLEAR: half of all protocol fees from lending products will be used to buy back and permanently burn the token, while the other half will reward active stakers.
TokenMain ChainSupply StatusIncentive StructureCPOOLEthereum99% DistributedLimited for new marketsCLEARXRPLFull resetDeflationary, revenue buybacks and staking rewardsCommunity members can currently review the migration proposal during a 14-day discussion period on the Clearpool forum. Following the discussion, tokenholders will determine the final launch of the migration and the activation of new XRPL pools through a general Snapshot vote.
Clearpool’s revised approach seeks to introduce fully transparent and auditable lending products, with protocol fees split between buybacks for burning and rewards for active stakers, marking a new era for DeFi on XRPL.
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.
Summary
70% of CLEAR’s initial allocation would fund a 1:1 migration for existing CPOOL holders. Clearpool plans to build credit products around XRPL’s proposed vault and lending standards. Ripple has committed capital to support yield products denominated in XRP and RLUSD. 50% of protocol fees would finance open-market CLEAR buybacks and permanent token burns. Clearpool plans institutional credit products on XRPL Clearpool said in its governance proposal that the expansion represents the protocol’s “next growth phase,” combining a move to the XRP Ledger with the proposed replacement of CPOOL by CLEAR. Existing CPOOL holders would receive the new token at a one-to-one ratio if the proposal passes.
Clearpool is entering its next growth phase, expanding to the XRP Ledger.
XRPL is one of the most established networks, with institutional credit still largely untapped. We're bringing real-world, institutional-ready lending infrastructure, built natively on XRPL.
To power it,… pic.twitter.com/YZ2WW6NQE3
— Clearpool (@ClearpoolFin) September 11, 2026 Rather than treating the token change as a standalone rebrand, the protocol tied it to plans for institutional credit markets on XRPL. Clearpool identified the ledger’s operating history and what it described as an underused institutional lending market as reasons for selecting the network.
“XRPL is one of the most established networks, with institutional credit still largely untapped,” Clearpool said.
Under the proposed structure, Clearpool would develop credit products that use the XRP Ledger to manage lending transactions and yield opportunities. The protocol said new users could receive CLEAR for providing capital, while incentives currently paid in CPOOL would move to the replacement token.
At the center of the expansion are two proposed XRPL standards: Single Asset Vaults, known as XLS-65, and the Lending Protocol, identified as XLS-66. Clearpool described the pair as “native, institutional-grade credit rails” that could support lending products directly on the ledger.
Single Asset Vaults would allow funds from several participants to be pooled under defined management rules. XLS-66 would use liquidity from those vaults to issue, service and repay fixed-term loans, while participating institutions would assess borrowers and set credit terms outside the blockchain.
“The infrastructure for institutional credit is here. We intend to be the layer that runs on it,” the company said.
Mainnet use still depends on the XRPL amendment process. An institutional RLUSD credit fund announced in August was being tested on a development network because XLS-65 and XLS-66 had not completed the validator approval process at the time.
Ripple backing connects XRP and RLUSD to lending Ripple has committed investment toward Clearpool products that would offer yield opportunities using XRP and Ripple USD, according to the proposal. No amount was disclosed for the investment cited in the document.
The commitment builds on an earlier arrangement involving Ripple, Clearpool and Cicada Partners. Under that model, the fund would provide RLUSD-denominated working-capital loans to fintech and payment companies, with approved borrowers receiving and repaying funds in the stablecoin.
Cicada would source borrowers, set loan terms, and manage credit risk, while Clearpool would supply the infrastructure for creating and operating the credit pools. Ripple would join the fund as a limited partner on the same terms as other investors without guaranteeing losses.
Using RLUSD as the loan asset would separate the stablecoin’s role from XRP’s network function. RLUSD would move between lenders and borrowers, while XRP would continue to pay transaction fees and support reserve requirements for accounts on the ledger.
The lending model would also differ from many DeFi protocols that require borrowers to deposit more collateral than they borrow. Under XLS-66, approved institutions could arrange fixed-term credit after conducting borrower reviews off-chain, with the ledger recording and managing the resulting loan.
Clearpool said its proposed XRPL expansion would build on the ledger’s vault and lending tools once they become available. Until validator approval is secured, however, products that rely on the native standards cannot operate on the main network.
CPOOL holders would receive 70% of CLEAR supply Alongside the XRPL plan, Clearpool has proposed recapitalizing its treasury because 99% of CPOOL’s supply has vested and reserves set aside for growth have been used. The protocol said additional resources are needed to fund development, attract capital, and support adoption.
Existing holders would receive 70% of the new CLEAR allocation through the one-to-one migration. Another 10% would go to the ecosystem, 15% to the treasury, and 5% to contributors.
At migration, the proposal would raise the token supply from the current 1 billion CPOOL to 1.125 billion CLEAR. A planned unlock schedule would increase circulating CLEAR supply to 1.428 billion over three years.
The extra tokens would therefore not enter circulation at once. Distribution would follow the proposed vesting schedule, while current holders would receive their migration allocation based on the amount of CPOOL they own.
Clearpool also proposed directing half of all protocol fees toward buying CLEAR on the open market. Tokens purchased through the program would be permanently burned, reducing supply as the protocol collects fees from its products.
Both the new allocation and buyback mechanism remain subject to governance approval. The proposal does not make the CPOOL-to-CLEAR conversion automatic before tokenholders vote.
RLUSD adds a New York-regulated settlement asset For U.S. users and institutions, RLUSD provides a regulated dollar settlement component within the planned lending system. Standard Custody & Trust Company, a Ripple subsidiary, issues the stablecoin under a limited-purpose trust charter supervised by the New York State Department of Financial Services.
Ripple says RLUSD is backed by cash and permitted cash equivalents kept in segregated reserve accounts. Eligible reserve assets include short-term U.S. Treasury bills, government money market funds, overnight repurchase agreements, and bank deposits.
The stablecoin crossed $2 billion in market value in August, less than two years after its December 2024 launch. Around the time of the milestone, approximately $963 million of RLUSD was issued on XRPL, and about $1.05 billion was on Ethereum.
Because RLUSD is designed to stay near $1, growth in its market capitalization mainly tracks new token issuance rather than price gains. Clearpool’s proposal would give the stablecoin another role as a lending and settlement asset if its planned XRPL products reach the main network.
The governance process began with a proposal on Snapshot. Clearpool has provided a 14-day community discussion period before the matter proceeds to a tokenholder vote.
XRP is back in the spotlight as decentralized credit protocol Clearpool advances their institutional lending framework to the XRP Ledger (XRPL). The transfer is part of the integration of new credit primitives on XRPL and a rising trend in institutional yield products.
Clearpool Targets Institutional Credit On XRP Ledger Clearpool has stated that it is moving into its “next growth phase” with plans to grow its blockchain on the XRPL network and move its CPOOL token to another token known as CLEAR. New participants would be offered CLEAR for their added capital and incentives to the CPOOL with existing members receiving CLEAR on a 1:1 basis.
Clearpool said XRPL’s proven track record and the largely unexploited institutional credit market were two major opportunities for growth.
“XRPL is one of the most established networks, with institutional credit still largely untapped,” Clearpool said. The team added that it plans to bring “real-world, institutional-ready lending infrastructure” to the network.
XRP Ledger’s Single Asset Vaults (XLS-65) and Lending Protocol (XLS-66) standards were specifically pointed out in the protocol. Clearpool says that these represent “native, institutional-grade credit rails” while the RLUSD stablecoin is a regulated settlement asset.
“The infrastructure for institutional credit is here. We intend to be the layer that runs on it,” the company said.
Clearpool is entering its next growth phase, expanding to the XRP Ledger.
XRPL is one of the most established networks, with institutional credit still largely untapped. We're bringing real-world, institutional-ready lending infrastructure, built natively on XRPL.
To power it,… pic.twitter.com/YZ2WW6NQE3
— Clearpool (@ClearpoolFin) September 11, 2026
Clearpool’s proposal also mentions Ripple’s participation in the ecosystem. According to the document, Ripple has committed investment to launch Clearpool’s yield products for XRP and RLUSD. Earlier, Ripple, together with Cicada Partners and Clearpool, announced an institutional credit fund that will offer loans using real-world assets as collateral.
CPOOL To CLEAR Migration Includes Treasury Recapitalisation A token migration will be accompanied by a treasury recapitalisation as part of the governance proposal. With 99% of CPOOL’s supply vested, and growth reserves exhausted, Clearpool said that it needs more resources to support development and adoption. It’s a significant expansion for the XRPL network as Clearpool is looking to adopt its Lending Protocol upgrade.
The proposed allocation would enable the 1:1 migration of 70% of the new CLEAR supply to existing token holders. Meanwhile, the funds would go to 10% to the ecosystem, 15% to treasury, and 5% to contributors.
Why XRPL, why now.
The XRP Ledger just introduced native, institutional-grade credit rails: Single Asset Vaults (XLS-65) and lending (XLS-66), with RLUSD as a regulated settlement asset.
The infrastructure for institutional credit is here. We intend to be the layer that runs on…
— Clearpool (@ClearpoolFin) September 11, 2026
The supply would increase from 1 billion CLEAR today to 1.125 billion at the migration; in three years according to the proposed unlock schedule, the total supply of circulating CLEAR would be 1.428 billion.
The buyback and burn mechanism is also included in the proposal. Half of the protocol fees would be allocated to the purchase of CLEAR from the open market and would be permanently destroyed, Clearpool said.
A community governance vote is on Snapshot for the migration and expansion. Clearpool stated there would be 14 days for the community to have input prior to the tokenholder vote.
Native lending on the XRP Ledger is closer than ever, but it still needs to clear a high governance bar before it goes live. Two protocol amendments, XLS-65 and XLS-66, must each secure the backing of more than 80% of the network's trusted validators and hold that support for two consecutive weeks before either can activate on mainnet.
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
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The XRP Ledger is pushing further into decentralized finance, with a set of native protocol upgrades designed to give both retail and institutional users access to lending and privacy tools directly on-chain, without relying on third-party smart contracts or bridges.
According to XRPL Foundation community leader and dUNL validator Vet, the proposed amendments cover native lending, privacy capabilities, and digital identity verification.
Native Lending Comes to XRPL
On the institutional side, the upgrades are already attracting serious commercial interest.
Privacy Features Designed for Compliance Alongside the lending upgrades, a proposed privacy system aims to protect transaction details while keeping regulators and issuers in the loop.
Together, these changes could make XRPL a more complete financial platform for institutions and everyday users alike.
Sources:
Ripple: Institutional DeFi on XRPL
Bitcoin.com News: Ripple Backs RLUSD Lending Push With Clearpool, Cicada
CoinDesk: Ripple Lays Out Institutional DeFi Blueprint for XRPL
Ripple is backing a new institutional credit fund that will lend its RLUSD stablecoin to fintech and payments companies on the XRP Ledger, alongside lending platform Clearpool and credit manager Cicada Partners, per a release shared with CoinDesk.
How the fund will work The fund will provide working-capital loans denominated in RLUSD, with Cicada sourcing borrowers, setting loan terms and monitoring credit risk. Clearpool is building the infrastructure used to create and manage the lending pools, while Ripple provides capital as an investor alongside other institutions. Neither the size of the fund nor Ripple’s commitment was disclosed.
Cicada says it has underwritten more than $860 million of credit and will act as both fund general partner and credit-pool manager. Clearpool says it has facilitated more than $930 million of institutional loans since 2021. Ripple participates as a limited partner on the same terms as other investors rather than guaranteeing losses.
Still waiting on ledger upgrades None of it is live on the XRP Ledger’s main network yet. Clearpool is testing the integration on a development network, and the two ledger features underpinning the product, a lending protocol known as XLS-66 and single asset vaults under XLS-65, are still going through the network’s amendment voting process.
The lending protocol handles issuing and repaying loans directly on the ledger, while the vault system pools money from several lenders under a manager who decides where it goes, in this case Cicada.
An RLUSD demand play Borrowers receive RLUSD and repay in it, which creates demand for Ripple’s dollar-pegged token while moving lending activity onto XRPL. XRP itself is not what gets lent, however, as it solely covers transaction fees and the minimum balances the ledger requires accounts to hold.
The fund deepens Ripple’s push to build out RLUSD, its dollar-pegged stablecoin that crossed $1 billion in market capitalization less than a year after launch, as a utility token for institutional finance rather than a retail payments play.
The plans come as XRP rose almost 20% in the past 24 hours to $1.30 and is up 30% over seven days, part of a broad rally that has lifted every major token.
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Clearpool has announced the development of a lending protocol native to the XRP Ledger, utilizing the XLS-66 and XLS-65 protocols. This initiative aims to establish a protocol-level lending infrastructure on the XRP Ledger, featuring RLUSD as the settlement currency. The project is currently in the development and testing phase, with the XLS-65 and XLS-66 amendments available on the devnet but pending mainnet validator approval. The integration of these protocols suggests a shift towards a more integrated credit infrastructure on the XRP Ledger, potentially enhancing its utility for institutional participants.
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Key Takeaways Clearpool’s announcement suggests an expansion of XRP Ledger’s capabilities by integrating lending protocols, potentially increasing XRP’s utility. The development of XLS-66 and XLS-65 may indicate a move towards a more robust and native financial ecosystem on the XRP Ledger. Market pricing suggests this development is viewed as consistent with scenarios where XRP could see increased institutional engagement. What to Watch Observers should monitor the approval process for XLS-65 and XLS-66 by mainnet validators, as this will be crucial for the project’s progression. Additionally, any regulatory developments or partnerships involving Ripple and its XRP Ledger could influence market perceptions and XRP’s price trajectory. Market participants appear to be evaluating whether these advancements will lead to a significant institutional uptake of the XRP Ledger’s new lending capabilities.
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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.
Summary
Ripple is backing a new fund that will provide RLUSD working capital loans to fintech and payments companies. Cicada Partners will source borrowers and manage credit risk, while Clearpool is building the lending infrastructure. The fund is still being tested as the XRP Ledger lending and vault features await mainnet approval. Ripple will participate as a limited partner and will not guarantee investor losses. CoinDesk reported on Aug. 21 that the fund will provide loans denominated in Ripple USD (RLUSD), while Cicada Partners will source borrowers, set lending terms and oversee credit risk. Clearpool is developing the infrastructure needed to create and manage the credit pools, with Ripple joining other institutions as an investor.
The companies did not disclose the planned size of the fund or the amount Ripple has committed.
Under the structure, Cicada will serve as the fund’s general partner and credit-pool manager. The firm said it has underwritten more than $860 million in credit, while Clearpool said its lending platform has facilitated more than $930 million in institutional loans since 2021.
Ripple will participate as a limited partner under the same terms offered to other investors, according to the report. Its involvement does not include a guarantee against losses, leaving borrower assessment and credit management under the structure established by Cicada.
RLUSD credit fund will finance working capital Borrowers approved for the fund will receive RLUSD and repay their loans in the same stablecoin, giving the dollar-pegged token a direct role in the credit cycle.
The structure separates Ripple’s stablecoin from XRP’s function on the network. RLUSD will serve as the asset being lent, while XRP will continue to cover XRP Ledger transaction fees and the minimum reserve balances required for accounts.
For Ripple, the planned fund adds lending to existing uses for RLUSD across settlement and trading. A July report from Evernorth said RLUSD had already generated more than $2.5 billion in trading across XRP Ledger pairs since its public launch, with the RLUSD/XRP pair accounting for about $900 million over six months, as previously covered by crypto.news.
Evernorth also said RLUSD’s share of on-chain trading had climbed from below 1% to around 12% during 2026. The report put RLUSD supply on the XRP Ledger slightly above its Ethereum supply at the time.
The new credit product would give the stablecoin another use if the lending system reaches the XRP Ledger mainnet, allowing institutions to supply and borrow dollar-denominated liquidity without using XRP as the loan asset.
XRP Ledger lending still awaits mainnet activation Clearpool’s integration is currently being tested on a development network because the two XRP Ledger features needed to run the product have not completed the network’s amendment process.
XLS-65, known as Single Asset Vaults, allows funds from multiple participants to be pooled into a vault managed under defined rules. XLS-66 introduces the lending protocol that can issue, service and repay fixed-term loans directly on the ledger.
The structure places credit underwriting outside the blockchain while using XRPL to handle the movement and accounting of funds. Under the proposed system, institutions can assess borrowers and negotiate loan terms off-chain before the lending protocol manages the resulting credit position on-chain.
The proposals entered validator consideration earlier this year. A June report on the protocol detailed how XLS-66 uses Single Asset Vault liquidity for fixed-term lending while leaving borrower underwriting and risk assessment to participating institutions.
Activation requires validator approval under the XRP Ledger amendment system. Until the required support threshold and voting conditions are met, the Clearpool and Cicada product cannot operate through the planned native lending functions on mainnet.
Developers and infrastructure providers can still work with the features on devnet, giving firms time to test applications before a possible activation.
Security work has focused on XRP Ledger credit features The lending code has undergone additional security work ahead of its proposed mainnet deployment.
RippleX developers and Common Prefix used formal verification to examine the planned lending system earlier this year. The June formal verification review covered both XLS-66 and XLS-65, with the work designed to identify edge cases that conventional software testing could miss in financial infrastructure implemented directly at the Layer 1 level.
The review examined the fixed-term lending model, which uses pooled vault liquidity and relies on off-chain credit assessment for uncollateralized borrowers. The model differs from lending systems where collateral and automatic liquidation rules handle most borrower risk directly through application-level smart contracts.
Security firm Halborn subsequently completed a re-audit of the XRP Ledger Lending Protocol. Its June lending protocol re-audit found no critical or high-risk issues after reviewing changes linked to fixed-term loans and Single Asset Vaults.
Halborn identified five findings in total: one medium-severity issue, two low-severity issues and two informational findings. The firm said all reported findings were addressed, with some resolved by Ripple’s engineering team and others accepted or acknowledged following review.
One medium-severity finding involved a way for loan interest to bypass a maximum-assets limit applied to a vault, according to the audit. Halborn’s engagement covered transaction checks, accounting rules, state consistency, parameter limits and access controls across the protocol.
XRP has rallied as the credit plan emerges XRP has gained almost 20% over the past 24 hours to trade around $1.30 and is up about 30% over seven days, according to CoinDesk, placing the token among the strongest performers during the latest crypto market rally.
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A new credit fund backed by Ripple, Clearpool, and Cicada Partners will lend RLUSD to fintech and payments firms on the XRP Ledger — the first institutional lending product to use the stablecoin as collateral. The catch: it depends on two protocol amendments that haven't passed yet.
A new institutional credit fund backed by Ripple, Clearpool, and Cicada Partners is deploying RLUSD as a primary lending asset on the XRP Ledger (XRPL). By facilitating the direct lending of this stablecoin to fintech and payments firms, the initiative shifts RLUSD from its initial role as a payment-focused asset into the domain of institutional credit collateral. This represents the first institutional lending product to utilize RLUSD on the XRPL.
The fund’s operational architecture bridges traditional credit underwriting with on-ledger execution. Clearpool, which has facilitated over $930 million in institutional loans since 2021, is responsible for building and managing the lending infrastructure, specifically utilizing its Lending Protocol and Single Asset Vault architecture. Cicada Partners, a firm that has underwritten more than $860 million in credit, manages the sourcing of borrowers, the establishment of loan terms, and ongoing credit risk monitoring. Ripple participates as a limited partner on pari passu terms with other investors, though the total fund size remains undisclosed.
Unlike the overcollateralized lending models prevalent in decentralized finance, this fund utilizes a mechanism governed by the proposed XLS-66 Lending Protocol. This standard facilitates fixed-term, underwritten, uncollateralized credit for credentialed counterparties — meaning borrowers are vetted off-chain before loans are originated on-ledger. The framework integrates XLS-65 Single Asset Vaults, which introduce permissioned, single-token vaults on the XRPL where liquidity providers deposit assets to receive proportional shares. In this model, borrowers receive and repay RLUSD, creating direct demand for the token. XRP itself is relegated to a utility role, used exclusively for transaction fees and required minimum account balances rather than as a lent asset.
The viability of this product is currently contingent upon the successful passage of the XLS-66 and XLS-65 amendments on the XRPL. These amendments require 80% validator approval to be implemented on the mainnet. As of the latest reports, the voting process has reached approximately 40% approval following Ripple’s own vote. Clearpool is testing the integration on the XRPL Devnet, but the transition to a live, mainnet-ready product remains subject to the consensus of the validator network. That gap — between announcement and activation — is the real constraint.
This move fits a pattern that has become familiar in 2026: industry building institutional infrastructure ahead of comprehensive regulatory frameworks. The Clearing House consortium — JPMorgan, Bank of America, Citi, Wells Fargo — is constructing a shared tokenized deposit network targeting the first half of 2027. The Agentic Payments Alliance, which includes Visa, Mastercard, Fiserv, Circle, Solana, and Remitly, reflects a parallel effort to set agent-commerce standards before Congress defines the rules. In each case, the strategy is the same: establish the de facto infrastructure, then let regulation catch up.
The market reaction was notable — XRP rallied approximately 20% in 24 hours to $1.30 — but the more durable signal is what this fund says about RLUSD’s trajectory. A stablecoin that only moves money is a commodity. A stablecoin that underwrites institutional credit is infrastructure. Whether the XLS-66 and XLS-65 amendments clear the 80% threshold will determine if that infrastructure goes live. Until then, the fund is a statement of intent backed by real capital and real underwriting, waiting on validator consensus.
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Institutional lending is coming to the XRP Ledger (XRPL), with a new partnership between Clearpool, Cicada Partners, and Ripple bringing real-world lending activity onchain.
XRPL developer Vet (Hussein Zangana) highlighted the development on X, saying, “Now it gets really serious on the XRPL.”
He described the move as a clear institutional commitment to borrowing and lending on the ledger. The planned structure brings together three players with distinct roles.
Notably, Clearpool will provide the lending infrastructure, and Cicada Partners will handle credit origination and credit checks. Meanwhile, Ripple will provide capital
The borrowers will be fintech and payment companies that use stablecoins to fund their day-to-day business needs.
XRPL Lending Protocol at the Center with Ripple Backing Notably, the project will use XRPL’s proposed XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. For context, the XRPL community is still voting on it.
The model allows institutions to put money into managed lending pools, while credit managers choose borrowers, set loan terms, and manage risk.
Cicada has experience with more than $860 million in credit, while Clearpool has helped facilitate over $930 million in institutional loans since 2021.
Ripple will invest in the credit fund alongside other institutional investors rather than guarantee the loans.
Ripple RLUSD and XRP Could Power the Lending Flywheel The proposed system seeks to create an activity loop across the XRPL ecosystem.
Borrowers would use RLUSD for everyday business needs, which could increase its use for payments and settlements. XRP would continue to be used for transaction fees and network reserves.
Vet described this as a potential cycle: investors provide capital, earn returns, and then provide more capital, while increased lending brings more activity to the XRPL.
The main idea is that investors would earn returns from loans to real businesses rather than mainly from DeFi strategies such as liquidity mining, arbitrage, or leverage.
Technical Demo Coming Next Clearpool is building and testing the system on the XRPL Devnet. A demo is expected to show the full lending process, from creating a lending pool to issuing and repaying loans.
The Lending Protocol and Single Asset Vault features still need to pass the XRPL voting process before they can launch on the mainnet.
If activated, this could expand XRPL beyond payments and make it a platform for institutional lending.
XRP Price Surges 18.5% Meanwhile, the development comes as XRP stages a sharp price recovery. XRP is trading at $1.31, up 18.5% over the past 24 hours and 31% over the past week. The cryptocurrency traded as low as $0.98 earlier this week before staging its latest rally.
The rising XRP price, along with the planned institutional lending system, could bring more attention to XRP and the XRPL as part of the growing onchain financial market.
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Ripple’s XRP price bounced almost 20% today, as the XRP Ledger appears to get closer towards institutional lending with its proposed Lending Protocol. Ripple, Clearpool and Cicada Partners recently announced that they are working on the credit infrastructure. For the project, it will be a new loan on the XRPL with RLUSD.For the project, it will be a new loan on XRPL based on RLUSD.
Ripple’s XRP Rockets Nearly 20% Today At the time of writing, XRP price was at $1.38, boasting a rise of 19.1% in the last 24 hours. Moreover, the overall crypto market continued a strong uptrend with Bitcoin leading the gains as it broke $78,000.
XRP price chart today. Source: TradingView The XRP rally coincided with President Donald Trump’s appeal to Congress to approve the CLARITY Act. He made the appeal at a White House event with crypto and financial industry leaders. The law will create more transparency and U.S. regulation.
The crypto market also responded to the action by the U.S. Treasury on government debt. The U.S. Treasury department announced its intention to speed up repurchasing debt by doubling buybacks. The move further raised the appetite of investors to buy and become part of the crypto rally.
Inside Clearpool’s XRPL Lending Protocol Initiative Further, what worked in XRP’s favor was that the proposed Lending upgrade on XRPL has become prominent among the institutional finance players. For context, Clearpool is constructing the lending platform as a Lending Protocol and Single Asset Vault.
Since 2021, Clearpool has facilitated over $930 million worth of institutional loans. It is structured so that independent credit managers can establish independent credit markets. Managers can individually establish their own risk conditions for each market.
Cicada Partners will manage the credit operations. It’s involved in the borrower evaluation, in the origination process and in the servicing of loans. The firm has over $860 Million in credit underwriting experience. It will also closely observe borrowers and conditions following loans.
Ripple will be a limited partner with other institutional investors but it will not serve as a special backup. The fund will focus on fintech companies, payment service providers, and crypto businesses leveraging stablecoins to fund their working capital.
Meanwhile, RLUSD will be the credit asset. Access and asset management controls could be offered by XRPL features such as Permissioned Domains, Credentials and Clawback. However, since XRP is not used as the credit asset, social media discussions are heating up as netizens believe it could lessen the Ripple-backed crypto’s use case.
On the other hand, Clearpool is now testing the lending integration in XRPL Devnet. A technical demonstration will be held, which will include the creation of a pool, borrowing and repayment.
Nonetheless, both the Lending Protocol and Single Asset Vault amendments yet to be approved by validators. Typically, the changes to the XRPL require at least 80% of the trusted validators to approve them for two consecutive weeks.
Ripple has teamed up with Clearpool and Cicada Partners to introduce real-world institutional lending capabilities on the XRP Ledger (XRPL). The collaboration aims to create on-chain credit markets that fund actual business needs rather than relying on typical decentralized finance yield strategies.
The partners highlight a longstanding issue in DeFi: the vast majority of yields—estimated around 98 percent—stem from circular market activities such as looping, arbitrage, basis trades, points programs, and liquidity mining.
These mechanisms rarely support productive economic activity, which has kept many institutional investors on the sidelines.
At the same time, on-chain activity is expanding.
Stablecoin transaction volumes surpassed $27 trillion in the prior year, increasingly driven by fintech firms and payment companies seeking working capital. Tokenized private credit has also grown beyond $10 billion.
The new initiative seeks to bridge this gap by delivering sustainable yields backed by genuine commercial operations.
Under the arrangement, each participant fills a complementary role.
Clearpool, which has arranged more than $930 million (and in some reports over $950 million) in institutional loans since 2021, is developing the technical credit layer.
It will use XRPL’s native Lending Protocol (XLS-66) and Single Asset Vaults (XLS-65).
These features enable a curator model in which independent risk managers can run isolated credit markets with predefined parameters.
Because the protocols sit at the ledger level, they avoid reliance on external smart contracts and associated risks.
Cicada Partners will handle credit origination, underwriting, servicing, covenant setting, and ongoing borrower monitoring.
The firm brings experience underwriting more than $860 million in credit and will serve as both general partner of the fund and manager of the credit pools.
Borrowers are expected to include fintech companies, payment processors, and crypto service providers that use stablecoins for genuine working-capital purposes.
Ripple will join as a limited partner in the credit fund on equal terms with other institutional investors.
It will not provide any special guarantee or first-loss protection.
Loans will be denominated in RLUSD, Ripple’s New York Department of Financial Services-regulated, BNY-custodied stablecoin.
This structure is intended to create demand for RLUSD while routing activity through XRPL, where XRP continues to serve for transaction fees and required reserves.XRPL’s existing compliance tools—Permissioned Domains, Credentials, and Clawback—support institutional requirements by allowing vetted participation and asset controls.
The protocol itself does not impose fixed application-level fees; economics are determined by the parties involved.
Clearpool is currently building and testing the integration on the XRPL Devnet, with a full technical demonstration of pool creation, borrowing, and repayment planned.
The underlying XLS-65 and XLS-66 amendments remain subject to community voting before mainnet activation.
Once live, the partners describe the deployment as one of the more significant institutional lending efforts on the ledger to date and a foundation for additional credit activity.
By combining credit infrastructure, specialized underwriting, and native ledger capabilities, the three organizations intend to position XRPL as a full financial settlement and credit layer capable of supporting real-world institutional finance.
Clearpool has announced a partnership with Ripple and Cicada Credit to develop an institutional lending platform on the XRP Ledger. This collaboration aims to enhance the utility of the XRP Ledger by integrating Clearpool’s decentralized lending protocol with Ripple’s blockchain technology. Cicada Credit, known for its focus on credit solutions, joins the effort to create a comprehensive lending environment for institutional clients. While Clearpool’s existing lending products are already in use, the new platform will leverage proposed amendments to the XRP Ledger that are still awaiting validator approval.
Key Takeaways The partnership between Clearpool, Ripple, and Cicada Credit suggests a significant development in institutional lending on the XRP Ledger. Market pricing appears supportive of scenarios where this collaboration enhances XRP’s utility, potentially influencing XRP price expectations. Despite positive developments, the lending protocol on the XRP Ledger remains in the proposal stage, indicating ongoing regulatory and technical hurdles. What to Watch Market participants will be monitoring the approval process for Ripple’s lending amendments XLS-65 and XLS-66, which are crucial for the platform’s full activation. Any regulatory breakthroughs or major institutional partnerships announced by Ripple could further impact XRP price expectations. Observers will also watch for broader crypto market trends that could influence XRP’s performance and its likelihood of reaching $3.00 in August 2026.
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Term Structure
Contract Odds Δ since publish Volume 24h September 1 2026 0.2% — — View market → September 1 2026 18.2% — — View market → September 1 2026 0.5% — — View market → September 1 2026 1.1% — — View market → September 1 2026 99.9% — — View market → September 1 2026 0.8% — — View market → September 1 2026 0.1% — — View market →
Ripple has joined forces with Clearpool and Cicada Partners to bring real-world credit to the XRP Ledger (XRPL), according to an Aug. 20 statement.
The companies aim to create an an onchain lending model for institutional investors backed by Clearpool’s lending infrastructure, Cicada’s credit underwriting, and Ripple’s investment capital.
The effort comes as the partners argue that most DeFi yield is still generated by crypto market activity rather than productive lending. They estimate that roughly 98% of yield comes from mechanisms including looping, arbitrage, basis trades, points and liquidity mining. That has left institutional allocators without a clear path into onchain credit, even as stablecoin activity and tokenized private credit continue to grow.
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We’re excited to announce a new collaboration with @Ripple, @cicadacredit and @ClearpoolFin to bring institutional-grade credit to XRPL.
Together, we’re combining Clearpool’s lending infrastructure with Cicada Partners’ credit expertise and borrower pipeline to support… https://t.co/8ddarQ0IAL
— Cicada Partners (@cicadacredit) August 20, 2026
As the initiative’s infrastructure provider, Clearpool will build an institutional credit layer on XRPL through its native Lending Protocol and Single Asset Vault architecture.
The platform has facilitated more than $930 million in institutional loans since 2021. Its curator-driven structure will allow independent risk managers to operate separate credit markets while maintaining defined risk parameters.
Cicada Partners, with more than $860 million in credit underwriting experience, will originate and service loans, set borrower covenants and monitor credit health.
Ripple will participate as an LP in the credit fund alongside other institutional investors, with no special backstop role. The capital will be directed to businesses including fintechs, payment companies and crypto service providers that use stablecoins to address their working capital requirements.
Ripple’s flagship stablecoin, RLUSD, will be the underlying credit asset, while XRPL provides native lending, vault and compliance functionality. Permissioned Domains, Credentials and Clawback features allow institutions to impose eligibility and asset controls, while the protocol itself does not impose fixed application-level fees.
Clearpool is developing and testing the integration on XRPL Devnet, with a technical demo planned to show the lending process from pool creation through repayment. The Lending Protocol and Single Asset Vault amendments are currently undergoing community voting.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ripple, Clearpool and Cicada Partners are working to bring institutional credit onto the XRP Ledger, combining RLUSD-based lending with credit underwriting and blockchain infrastructure built for regulated financial firms.
Clearpool Builds Institutional Credit Infrastructure on XRPL Clearpool will build the lending infrastructure using its Lending Protocol and Single Asset Vault architecture. The platform has processed more than $930 million in institutional loans since 2021. Its structure allows independent credit managers to create separate lending markets while setting their own risk terms.
Cicada Partners will manage the credit side of the platform, including loan origination and servicing. The firm brings more than $860 million in credit underwriting experience. Cicada will also assess borrowers, establish loan terms and monitor credit conditions after loans are issued.
The partners are targeting real-world lending at a time when much of decentralized finance remains tied to crypto trading. They estimate about 98% of DeFi yield comes from activities such as arbitrage, basis trades, looping, points and liquidity mining.
Ripple Brings RLUSD and Capital to Lending Model Ripple will participate as a limited partner alongside other institutional investors, without serving as a special backstop. Capital from the fund will target fintech companies, payment providers and crypto businesses that use stablecoins to meet working capital needs.
RLUSD, Ripple’s dollar-backed stablecoin, will serve as the underlying credit asset. Meanwhile, XRP Ledger features such as Permissioned Domains, Credentials and Clawback can provide controls over participant eligibility and asset management.
Ripple has also expanded its institutional finance operations elsewhere. Ripple Prime recently closed an upsized $275 million private placement of senior unsecured notes to support its U.S. business. The capital will support operations across clearing, financing and prime brokerage services.
XRPL Amendments Remain Subject to Validator Approval Clearpool is developing and testing the lending integration on XRPL Devnet. A technical demonstration is planned to cover the full lending process, including pool creation, borrowing and repayment.
However, the Lending Protocol and Single Asset Vault amendments still require community approval before activation. XRPL amendments generally need support from at least 80% of trusted validators for two consecutive weeks before they can take effect.
Separately, Ripple has backed the fixCleanup3.3.0 amendment ahead of the planned xrpld 3.3.0 software release. Early voting data showed eight of 35 Unique Node List validators supporting the proposal, below the required 28 votes.
XRP traded around $1.16 after gaining 15.04% over 24 hours, while trading volume rose 392.81% to $4.22 billion.
For institutions looking to reconcile privacy with strict regulatory oversight, the adoption of institutional ZK applications represents another key milestone in securing compliant DeFi workflows.
Ripple has partnered with Clearpool and Cicada Partners to bring institutional lending to the XRP Ledger, using native blockchain infrastructure rather than third-party smart contracts to connect real-world borrowers with onchain capital.
Three Firms, Three RolesThe structure splits responsibilities across the three companies. Clearpool is building the credit infrastructure layer on XRPL, drawing on the XRP Ledger’s native Lending Protocol and Single Asset Vault features. The company states it has facilitated more than $930 million in institutional loans since 2021, though this figure comes from Clearpool itself and has not been independently verified.
Cicada Partners is handling credit origination and servicing, acting as both fund manager and underwriter. The firm says it has underwritten more than $860 million to date, a figure also sourced from the company’s own disclosure. Cicada’s role includes sourcing borrowers, setting loan terms, and monitoring their financial health.
Ripple is participating as a limited partner in the credit fund, investing capital on equal terms with other institutional co-investors rather than acting as a guarantor or backstop.
How the Lending WorksLoans are denominated in RLUSD, Ripple’s stablecoin, which is regulated by the New York State Department of Financial Services and custodied by BNY. Borrowers are described as fintech and payment companies using the funds for working capital needs. XRP is used to settle the underlying lending transactions, including fees and reserves.
The companies frame this as a departure from typical decentralized finance yield sources, which they say are often generated through internal trading mechanics rather than external lending activity. That framing reflects the companies’ own characterization of the market and has not been independently assessed.
Still in DevelopmentThe Lending Protocol and Single Asset Vault features are currently going through XRPL’s community governance process and have not yet launched on the network’s mainnet. Clearpool says it is testing the integration on a developer network, with a technical demonstration expected to follow.
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Ripple's entry into the global private credit market, valued at more than $10 billion, will begin with a major upgrade to XRP Ledger (XRPL). RippleX developers have announced the addition of an institutional lending feature in partnership with Clearpool Finance and Cicada Partners.
While 98% of yield in the DeFi industry is generated through the speculative circulation of loans within the crypto market itself, this initiative offers lending to real-world businesses — fintech and payment companies that need working capital.
Through this solution, the partners plan to attract a portion of the capital from the tokenized private credit sector to the network.
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For XRP holders, the value of the upgrade lies in the growth of network activity and token utility. Borrowers will take out loans in the new regulated stablecoin RLUSD, protected by NYDFS oversight and custody at the Bank of New York.
Mechanics of the RLUSD Flywheel on XRP Ledger. Source: RippleX, Cicada, and Clearpool via X.comAt the same time, all operations within the lending system — including the creation of pools, loan issuance, and repayments — will technically take place on XRPL. This means that every transaction requires the use of the native XRP token to pay network fees and maintain mandatory wallet reserves, directly expanding the coin's practical use within the ecosystem.
From a security perspective, the developers have rejected the use of vulnerable third-party smart contracts. The lending logic will be integrated directly into the blockchain's base protocol through the native XLS-65 (Single Asset Vaults) and XLS-66 (Lending Protocol) amendments.
Protection through code: How investors will be protected and when the network will launchRipple itself participates in the lending fund as a regular investor, with the same rights and risks as third-party institutions on a "pari passu" basis, rather than acting as a financial guarantor. To protect institutional capital, the code includes compliance tools such as digital participant identities and the Clawback function for the forced return of funds.
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Clearpool is currently testing end-to-end user scenarios on Devnet. The platform's final deployment on Mainnet depends entirely on the outcome of decentralized voting: independent XRPL validators must approve and activate the XLS-65 and XLS-66 amendments.
Ripple is preparing to introduce institutional lending to the XRP Ledger (XRPL), targeting the $10 billion tokenized private credit market through a collaboration with Clearpool Finance and Cicada Partners. The new system aims to provide real-world businesses direct access to working capital in regulated lending markets.
Native infrastructure for lending on XRPLThe initiative distinguishes itself from traditional DeFi platforms, which mainly circulate funds within crypto markets, by specifically addressing the needs of fintech and payments companies. Businesses will be able to borrow RLUSD, Ripple’s regulated stablecoin, while all lending transactions will be processed directly on the XRPL blockchain.
RippleX, the technology arm of Ripple, is leading the development of the lending feature, utilizing the XLS-65 Single Asset Vaults and XLS-66 Lending Protocol amendments. This technical framework embeds the lending functions within XRPL’s core protocol, eliminating dependence on third-party smart contracts.
All loan operations, including pool management, issuance, repayments, and compliance, will be executed natively on XRPL. Notably, every transaction on the network will require XRP for fees and wallet reserves, an architectural choice that could expand the token’s operational utility as the lending ecosystem grows.
Lending pools, issuance, and repayments are integrated into XRPL, with each process requiring XRP for network fees and reserves. This ensures a direct role for the token as lending activity increases.
RLUSD stablecoin anchors institutional lendingThe integrated lending system will leverage RLUSD, a stablecoin issued by Ripple under the oversight of the New York Department of Financial Services. Bank of New York will provide custody services, and borrowers will use RLUSD as working capital within the regulated institutional market.
Ripple intends to co-invest in the lending fund under the same terms as other institutions, meaning the company will neither guarantee returns nor provide special treatment. All parties will hold equal rights and face the same risks.
Amid these technical developments, financial markets continue to experience a shift from established brokerage channels to decentralized platforms. Wall Street is adopting Web3 by enabling investors to access shares of major U.S. companies, gold, and silver directly from their crypto wallets. Platforms such as 1stepSwap accomplish this by tokenizing real-world assets and using algorithms that identify the best available prices within seconds, effectively removing all intermediaries.
Mainnet launch awaits community voteTo address compliance requirements, developers have incorporated digital identity verification and a Clawback mechanism, allowing the return of funds under predetermined conditions. These additions cater specifically to institutional participants seeking increased security and regulatory alignment.
Clearpool is currently testing the lending application on the XRPL Devnet, simulating end-to-end lending processes. The official launch on Mainnet will depend on a network-wide validator vote to activate the XLS-65 and XLS-66 protocol amendments. Approval is required from independent validators through the amendment process before the lending features can go live.
Institutional compliance tools, such as digital participant identification and the Clawback feature, are integrated to meet regulatory standards during the lending process.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
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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 has just introduced Oxygen (O2), a creative liquidity layer meant to run Ozean. Designed by Clearpool, Ozean is a blockchain for Real-World Assets (RWA). With Ozean, real-world assets can be easily integrated into DeFi, and native yield can be accessed on-chain.
📢 Introducing Oxygen (O2): The #RWA Liquidity Layer driving the growth of #Ozean🌊!
💧O2 combines tokenized treasuries, RWAs, major crypto assets and yield-bearing tokens into a unified asset basket, supporting critical functionalities like swaps, lending, and… pic.twitter.com/B6juwGN0X3
— Clearpool (launching Ozean🌊) (@ClearpoolFin) September 18, 2024 Clearpool is a decentralized financial ecosystem that incorporated the first permissionless marketplace for unsecured institutional liquidity.
Clearpool’s permissionless single-borrower pools enable organizations to obtain short-term capital while offering decentralized finance lenders access to risk-adjusted rewards based on interest rates established by market consensus. These pools are driven by the market forces of supply and demand.
Ozean is the first compliant RWA yield chain. Clearpool launched it. It is built on top of and supported by Optimism.
More About the Oxygen (O2) Additionally, Oxygen (O2) is a liquidity layer of the next generation explicitly developed for the Ozean network. By utilizing O2, a unified basket that includes RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens is achieved, which serves as the foundation of Ozean’s liquidity architecture. This basket forms a solid liquidity pool that serves as the foundation for the Ozean ecosystem by supporting essential services such as swaps, lending, and collateralization.
Oxygen provides a new liquidity solution. This approach involves incorporating tokenized treasuries, RWAs, and liquid cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) into a liquidity layer. This enables new enterprises to have access to liquidity at lower prices and with fewer token incentives, which fosters more time—and resource-efficient growth and participation in the market.
Oxygen pools are very different assets, including major cryptocurrencies like Bitcoin, Ethereum, and Solana, tokenized treasuries, and yield-bearing tokens. This enables users within the Ozean ecosystem to effortlessly participate in swaps, lending, and collateralization, granting them power.
Aside from generating revenue from assets like lending protocol tokens and tokenized treasuries, Oxygen also contributes liquidity to the market. This return is reinvested, enhancing liquidity and providing contributors with further opportunities to create supplementary income.
How Oxygen Helps Ozean Grow Oxygen’s robust liquidity layer is crucial to Ozean’s expansion. It enhances the availability of funds, the adaptability of financial operations, and the facilitation of various applications, including trading, lending, and issuing decentralized digital currencies.
Oxygen ensures sufficient liquidity to satisfy user demand in trading, lending, and collateralization operations on Ozean by diversifying its asset portfolio and making regular rebalancing adjustments.
Oxygen enhances lending procedures on Ozean by allowing users to borrow and lend against a wide range of assets, including RWAs and yield-bearing tokens. This promotes capital efficiency throughout the ecosystem.
By including RWAs, Oxygen enables the creation of stablecoins backed by physical assets, such as tokenized treasuries. These stablecoins boost confidence in volatile markets, increasing user adoption and involvement. Users can stake O2 to earn fees and use their holdings to raise extra funds. These opportunities encourage platform involvement, creating an autonomous environment that consistently attracts liquidity and growth.
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With the new year just one day away, crypto analyst Alex Wacy (@wacy_time1) shared an overview of what he calls the best altcoins heading into 2025. The analyst, who has amassed an audience of over 190,000 followers on X, highlighted several projects that he believes have the potential to dominate in the potential coming altseason.
Best Altcoins In 2025 He begins with Render (RNDR), describing it as a decentralized GPU rendering platform for AI, metaverse, and creative content. He maintained that “Render is poised to become a key player in the virtual future,” pointing to its $3.66 billion market capitalization as evidence of investor confidence.
Following closely is Virtual, an AI-driven avatar initiative that is pegged at $3.41 billion in market cap, with Wacy touting Virtual as “the growth leader in 2024 in the virtual avatar sector” and predicting increasing adoption for metaverse, gaming, and social media applications.
Wacy also turns his attention to SEKOIA, mentioning its focus on identifying and mentoring emerging AI talent. Although smaller in scale at a $94 million market cap, this autonomous AI investment agent uses advanced pattern recognition and quantifiable predictions to gain a foothold in a competitive space.
Next in line for the best altcoins in 2025 is Pengu, which he calls “the official coin of Paddy Penguin, a major force in crypto.” Its substantial community and cultural traction reflect a hefty $2.28 billion market valuation, and its omnipresence in ETF ads combined with over 90 billion visits appear to confirm its cult-like following.
The list of best altcoins continues with Clearpool (CPOOL), a Decentralized Capital Markets Ecosystem valued at $341 million that provides insured loans to institutional borrowers in the DeFi arena through a dynamic interest model. The analyst noted that Clearpool’s approach to decentralized lending could offer a unique avenue for strategic investors.
He also spotlights Bittensor (Tao), a project intent on decentralizing AI solutions through an open ecosystem, weighed at $3.48 billion, and Hyperliquid (HYPE), a decentralized perpetuals exchange living on its own L1 with a $9.23 market cap. He describes Hype’s vision as “a high-speed, low-cost, transparent solution for perpetual futures,” though he advises caution, remarking that prospective investors should “research to understand its risks and potential.”
Io.net, which sits at $397 million, is categorized as a decentralized GPU network that reduces costs for AI developers, while CFG (Centric) aims to bridge DeFi with real-world assets. This $162 million project focuses on stable returns generated from real fiat value rather than solely leveraging volatile crypto.
Akash Network (AKT), valued at $746 million, is labeled by Wacy a “supercloud” that transforms cloud computing through a decentralized marketplace, and Ethena (ENA), at $2.69 billion, provides a synthetic dollar protocol on Ethereum, touted as “a crypto-native, bank-free solution for money.”
Wacy’s list also featured Helium (HNT) with a $1.13 billion market cap, identified for its decentralized IoT network, and Griffain in the Solana ecosystem, with a $211 million market cap, delivering scalable DeFi solutions for token swaps while upholding transparency.
The analyst also highlights Grasso (GRASS) in his list of the best altcoins for 2025 and its $683 million market cap, describing its decentralized data collection network for AI training as both functional and user-friendly. VitaDAO (VITA) is in Wacy’s focus because of its community-governed DAO funding longevity research. Its compact $54 million market cap appears poised for growth as members actively engage in decision-making and ownership, signifying a communal approach to biotech research in crypto.
Spectral, carrying a $194 million market cap, offers on-chain agents for easier application creation and includes a syntax tool that transforms natural language into Solidity. ETIGEN, or Energy Layer, at $170 million, extends novel concepts of restorative energy on Ethereum, and ONDO, with an impressive $2.83 billion market cap, aims to open up institutional-grade DeFi services and real-world asset (RWA) tokenization.
Wacy further singles out AIXTB, at $377M, which monitors crypto-related discussions via a proprietary engine to uncover high-sentiment opportunities, and Ether.fi (ETHFI), priced at $446M, which supports non-custodial ETH staking and DeFi integration. Throughout his breakdown, he underscored the cyclical nature of the crypto market, stating that these best altcoins “could see significant growth in 2025” once capital flow rotates away from Bitcoin and into high-potential altcoin narratives.
His overall thesis hinges on what he perceives as a predictable pattern in every major market cycle. “Altcoins typically pumping when BTC Dominance starts a strong downtrend,” the analyst wrote. He cited the example from 2021, when Bitcoin’s dominance fell from around 73% to 40%, triggering a monumental rally for altcoins like SOL, ADA, and DOGE.
Pointing out that current BTC dominance is about 55%, which he calls a “significant resistance zone,” he predicts a swift drop to 40% if a breakdown occurs. “As I mentioned before, my bet for the altseason is in the spring of 2025,” he said, while admitting that he also shares the common sentiment of disbelief that surrounds every cycle. “That’s okay, it means the market is doing a good job of ‘smoking people out.’ Patience friends, patience always pays off,” he concluded.
At press time, the Bitcoin dominance (BTC.D) stood at 58.02%.
Bitcoin dominance, 1-week chart | Source: BTC.D on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
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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.
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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, a DeFi protocol focused on embedding credit infrastructure into stablecoin payments, secured $400,000 in XPL funding from Plasma, a blockchain network designed for stablecoin liquidity and global money movement.
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The funding uses XPL, the native token of the Plasma network used for incentives and ecosystem growth, to support Clearpool’s expansion of PayFi, a credit layer concept that provides short-term financing for stablecoin-settled payments like remittances and merchant flows.
Clearpool partnered with Plasma to launch cpUSD, Clearpool’s permissionless yield-bearing stablecoin backed by PayFi credit vaults, and PayFi Vaults on the recently launched Plasma mainnet beta.
Plasma’s mainnet launch positions it as infrastructure for stablecoin velocity, with Clearpool integrating to provide credit rails for emerging payment ecosystems.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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.
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