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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 31 sources · 2 days · First seen 11 days ago · Last updated 9 days ago

Ripple, Clearpool, and Cicada launch XRPL lending

Overview

Ripple, Clearpool, and Cicada Partners have officially announced their partnership to establish an institutional-grade credit market on the XRP Ledger (XRPL). This initiative aims to transition from speculative DeFi yields toward productive, real-world lending by providing credit to fintechs, payment providers, and crypto-related businesses.

Under the established framework, Clearpool provides the technical infrastructure via the XRPL’s XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Cicada Partners is responsible for credit underwriting, borrower sourcing, and continuous monitoring. Loans within this market will be denominated in the RLUSD stablecoin. Ripple participates as a limited partner and liquidity provider in the credit fund but does not serve as a financial backstop.

The project is currently in the testing phase on the XRPL Devnet. While integration testing is underway, full deployment on the XRPL mainnet remains contingent upon the successful governance approval and implementation of the XLS-65 and XLS-66 protocol amendments. This expansion follows recent ecosystem developments, including BitPay adding XRP to its self-custody wallet and Ripple Prime securing $275 million in senior unsecured notes to expand its US-based prime brokerage and clearing operations.

Entities

Ripple · Jeonbuk Bank · Cicada Partners · KBank · Ripple Prime

Claims

What the coverage asserts, and how many sources carry each claim.

[● 17 SOURCES] Ripple, Clearpool, and Cicada Partners are partnering to launch an institutional lending market on the XRP Ledger. bitcoinethereumnews.com · www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · +12 more
[● 17 SOURCES] Ripple will act as a limited partner and liquidity provider in the credit fund rather than a backstop. bitcoinethereumnews.com · www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · +12 more
[● 17 SOURCES] Clearpool will provide the lending infrastructure using XRPL’s XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. bitcoinethereumnews.com · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · +12 more
[● 17 SOURCES] Cicada Partners will manage credit underwriting, borrower sourcing, and ongoing credit monitoring. bitcoinethereumnews.com · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · www.nadanews.com · +12 more
[● 17 SOURCES] Loans within the new credit market will be denominated in the RLUSD stablecoin. bitcoinethereumnews.com · www.btc-echo.de · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · +12 more
[● 16 SOURCES] Clearpool has facilitated over $930 million in institutional loans since 2021. bitcoinethereumnews.com · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · cryptonewsland.com · +11 more
[● 16 SOURCES] Cicada Partners has underwritten more than $860 million in credit. bitcoinethereumnews.com · coinedition.com · cryptobriefing.com · www.cryptoninjas.net · cryptonewsland.com · +11 more

Timeline

9 days ago

[BUSINESS] 21 sources
Ripple, Clearpool, and Cicada partner for XRPL institutional lending
Ripple, Clearpool, and Cicada Partners are launching an institutional lending market on the XRP Ledger, using the RLUSD stablecoin to provide working capital to fintech and payment companies.
11 days ago

[BUSINESS] 18 sources
Jeonbuk Bank partners with Ripple for cross-border payments
Ripple has partnered with South Korea’s Jeonbuk Bank to deploy Ripple Payments, enabling near real-time, 24/7 cross-border remittances for businesses, replacing traditional multi-day SWIFT transfers.

Sources

bitcoinbasis.de · bitcoinethereumnews.com · blocktempo.com · blogtienao.com · btc-echo.de · captainaltcoin.com · coin-turk.com · coinedition.com · coingape.com · coinpaper.com · coinpedia.org · cointelegraph.com · crypto-times.jp · crypto.news · cryptobriefing.com · cryptonewsland.com · cryptoninjas.net · cryptonomist.ch · dmarketforces.com · eurweb.com · financemagnates.com · fxdailyreport.com · ibtimes.com · it-boltwise.de · joroistenlehti.fi · neweconomy.jp · news.bitcoin.com · newsmaxtv.com · timestabloid.com · tokenpost.kr · tronweekly.com

This summary has been updated 3 times: see revision history