Overview
- A joint announcement on Aug. 20 said Clearpool, Ripple and Cicada will build an on‑chain, institution-grade credit layer for business borrowers on the XRP Ledger.
- Clearpool will supply the lending infrastructure using its Single Asset Vault and Lending Protocol designs, Cicada will originate and service loans, and Ripple will invest as a pari‑passu limited partner.
- Clearpool has begun end‑to‑end integration tests on XRPL Devnet and plans a technical demo that will show pool creation, borrowing and repayment flows.
- Loans will be denominated in Ripple’s regulated stablecoin RLUSD, which operates under New York Department of Financial Services oversight and uses Bank of New York custody links to support compliance.
- Mainnet launch depends on independent validators approving the XLS‑65 and XLS‑66 protocol amendments and on further regulatory and borrower onboarding steps, which remain the key execution risks.