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XRP 
RLUSD Ripple, Clearpool and Cicada bring institutional credit to XRP ledgers
With Ripple, Cicada Partners and Clearpool working together, the online credit market based on real corporate support is taking an important step forward on the XRP ledgers, resulting in significant progress in institutional lending.
This cooperation brings together three strategic participants. Clearpool provides lending infrastructure, Cicada Partners is responsible for institutional credit underwriting and borrower discovery, and Ripple participates as an investor along with other institutional capital. As such, the goal is to move beyond speculative DeFi gains and channel capital into productive real-world lending activities.
Why could this be a major shift? Traditionally, a large part of DeFi's earnings have come from liquidity incentives, arbitrage, leveraged operations and revolving borrowing. In contrast, the XRP ledger model takes a more traditional approach: FinTech companies, payment companies and other crypto-related companies can borrow RLUSD as working capital, while investors reap the benefits from actual credit activity.
Since 2021, Clearpool has facilitated more than $930 million in institutional loans and brought its lending infrastructure to the XRP ledger. Cicada Partners has underwritten more than $860 million in credit and will be responsible for borrower sourcing, underwriting, loan terms and ongoing credit monitoring. At the same time, Ripple will join the credit fund as a liquidity provider, enjoying the same conditions as other investors-not as the last guarantee, but as a capital provider.
What's more noteworthy is that this model is built around the proposed XLS-66 Lending Agreement and the XLS-65 Single Asset Treasury of XRP Ledger, aiming to support lending, repayments and accounting treatment of liquidity providers from the ledger level. Permitted access rights and certificate-based controls may also provide agencies with the compliance guarantees they need.
RLUSD may usher in a new era of institutional credit on the XRP ledger
Borrowers can obtain financing in the form of RLUSD, and lenders can put the stablecoin into a screened credit pool. If borrowers subsequently use RLUSD for payments and settlements, lending activity has the potential to further drive the adoption of stablecoins and activity on the XRP books.
The potential flywheel effect is clear: institutional capital → RLUSD lending → real business → repayment and income → more capital. In addition, XRP remains a native asset on the XRP ledger used for transaction fees and reserves, which means that higher network activity may increase demand for the ledger's core infrastructure.
This makes this cooperation far more meaningful than another DeFi integration. This is a push to position XRP ledgers as institutional financial infrastructure, aiming to integrate payments, stablecoins and credit on a public blockchain.
Currently, Clearpool is conducting integrated development on the XRP ledger development network and is expected to conduct a technical demonstration to demonstrate the complete lending process from pool creation to repayment. What's the next step? These improvement plans still need to complete the voting process of the XRP ledger community before they can be launched on the main network. If deployment proceeds as planned, institutional credit is expected to become the next important growth engine for the XRP ledger.
