stable coins
By Dan Saada
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XRP Ledger Features Still Dormant. The specific XRP Ledger functionality the product depends on hasn't been switched on yet.
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Why RLUSD for Institutional Lending. Stablecoin-based lending products have been gaining traction across the broader crypto lending…
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What's Actually Holding This Up. The honest answer is: the blockchain. Not the companies, not the compliance work, not the market…
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Clearpool isn't waiting around. The decentralized finance protocol has teamed up with Cicada Partners, an investment firm, to build an institutional lending product built around…
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The product is basically ready on paper. Clearpool brings the DeFi infrastructure, Cicada Partners brings the investment side, and RLUSD sits at the center of the whole thing as…
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The specific XRP Ledger functionality the product depends on hasn't been switched on yet. Until it is, the lending system can't run the way it's designed to.
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It's worth noting that this kind of dependency isn't unusual in crypto. New financial products built on top of blockchain infrastructure routinely sit in a preparatory phase…
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What Clearpool and Cicada Partners seem to be betting on is that the wait is worth it. The XRP Ledger, once the relevant features are active, would give the product a scalable…
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More context: Revolut Cuts USDT for Europe as Argentinas Lemon Hits $9.3B in Stablecoin Volume
10 / 15
Clearpool's decision to build around RLUSD rather than USDC or USDT is interesting. It ties the product tightly to the XRP ecosystem, which is probably why the XRP Ledger…
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Both companies seem to think they can deliver that. The collaboration is described as a strategic move to meet growing institutional demand for crypto-native financial products…
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It's a strange position to be in publicly. Announcing a product that can't launch yet is a calculated move.
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See also: XRP Jumps 24% in 24 Hours, Bitwise ETF Clears $55 Million in Volume
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What's clear is that both firms see real opportunity in institutional stablecoin lending. Whether the XRP Ledger activation comes in weeks or months, Clearpool and Cicada…
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No official timeline has been disclosed for when that might be.
The Currency Analytics
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