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Home›Crypto›Market Structure›Ripple backs RLUSD credit fund with Clearpool and Cica…

Ripple backs RLUSD credit fund with Clearpool and Cicada Partners

The RLUSD credit fund is built through Clearpool and Cicada Partners, but the XRP Ledger features needed to support it are still pending activation.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Ripple is backing the creation of an institutional lending product tied to RLUSD, involving Clearpool and Cicada Partners.

The effort centers on a credit fund that uses RLUSD, and it is being developed as an additional use case for the token within the XRP ecosystem.

CoinDesk also notes that while XRP has seen its best week in months, some XRP Ledger features that underpin the RLUSD credit fund have not yet been activated.

Latest closeXRP $1.308 ▲18.4%

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Sources

CoinDeskRipple backs an RLUSD credit fund amid XRP's best week in months

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