stable coins
By James Thorp
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How the Credit Vaults Actually Work. The technical structure separates credit vault management from underwriting, which is probably the…
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RLUSD's $2.3 Billion Base and the XRP ETF Signal. RLUSD has crossed $2.3 billion in circulation within two years of launch.
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CPOOL Token Swap and Infrastructure Migration. Clearpool isn't just building a new product on XRPL — it's planning to migrate its entire credit…
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Clearpool is moving into the XRP Ledger. The platform announced on September 11, 2026 a plan to launch the first institutional credit product on XRPL, built around Ripple's RLUSD…
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The partners behind it are Ripple, Cicada Partners, and Hex Trust. Alessio Quaglini — who holds the dual role of Clearpool co-founder and Hex Trust CEO — said the goal is to…
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Cicada Partners handles the credit side. They source borrowers, set loan covenants, and track repayment health.
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The vaults will also offer optional permissioning, which gives lenders an added layer of control over who can access the pool.
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RLUSD has crossed $2.3 billion in circulation within two years of launch. That's the foundation Clearpool is betting on — a stablecoin with real scale and a growing depositor and…
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See also: Revolut Launches Euro Stablecoin EURR in Denmark, Poland, and Portugal
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And there's a broader market signal worth noting. XRP ETF inflows hit $11.26 million in positive flows the day before Clearpool's announcement.
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The broader strategy is ambitious. Clearpool wants to position itself as something like a Morpho for private credit inside the XRPL ecosystem — a reference to the decentralized…
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The XRPL itself got a recent upgrade adding native lending and compliance tools, which is basically what made Clearpool's proposal feasible in the first place.
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More context: Ethereum Trapped Below $2,550 as Market Struggles with ETF Outflows
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Cicada Partners will manage the curated credit vaults, sourcing borrowers and setting terms. Ripple sits in as a capital provider.
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Cicada's $860 million in underwritten loans is the number to watch as a credibility anchor.
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