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Clearpool and Cicada Partner on RLUSD Credit Fund

Clearpool and Cicada Partners are building an institutional lending product around Ripple's RLUSD stablecoin—except the XRP Ledger upgrades needed to actually run it aren't live yet.

Priya Nair

· 1 min read

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Clearpool and Cicada Partner on RLUSD Credit Fund
Image via CoinDesk

Key takeaways

  • Clearpool and Cicada Partners are launching an institutional credit product powered by RLUSD.
  • Key XRP Ledger features required to run the product are still awaiting activation.
  • The initiative targets institutional borrowing and lending within the Ripple ecosystem.

Clearpool and Cicada Partners are joining forces to build an institutional lending product centered on Ripple's RLUSD stablecoin. Small problem, though: the underlying XRP Ledger features needed to actually run it aren't turned on yet.

Institutional Credit Meets RLUSD

This credit fund wants to bring structured institutional borrowing to the ecosystem via RLUSD. Clearpool is assembling the architecture alongside Cicada Partners, a non-custodial risk manager.

They're trying to push RLUSD past plain trading pairs and into real yield generation. But timing matters. The exact network features required to power this credit setup remain inactive on the XRP Ledger, leaving full deployment frozen until those technical hurdles clear.

Why it matters

If RLUSD wants any shot at taking on the giant stablecoin incumbents, institutional lending is mandatory. Functional credit markets give institutions a concrete reason to park capital on the XRP Ledger. Until validators flip the switch on those required network upgrades, the product sits stuck in waiting mode.

Source: CoinDesk

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Priya Nair

Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.

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