Ripple Partners with Clearpool and Cicada to Launch RLUSD Credit Fund
Ripple has teamed up with Clearpool and Cicada Partners to establish an institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies via the XRP Ledger. This initiative aims to transition DeFi yield strategies towards loans driven by actual business demand, although the supporting XRP Ledger features are still pending activation.
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Ripple Backs RLUSD Lending Push on XRP Ledger With Clearpool, Cicada
Ripple, Clearpool and Cicada Partners are building an institutional lending market on the XRP Ledger using RLUSD as the credit asset. The initiative aims to move DeFi yield away from trading-driven strategies and toward loans backed by real business demand. Ripple, Clearpool and Cicada Shift DeFi Yield Toward Real Business Credit Ripple is backing a […]
Ripple joins Clearpool, Cicada to launch institutional RLUSD credit fund
Ripple has backed a new institutional credit fund that will issue RLUSD working-capital loans to fintech and payments companies through the XRP Ledger, with Clearpool and Cicada Partners handling the lending infrastructure and credit management. CoinDesk reported on Aug. 21…
Ripple backs an RLUSD credit fund amid XRP's best week in months
Clearpool and Cicada Partners are building an institutional lending product using RLUSD, though the XRP Ledger features underpinning it are still awaiting activation.