Ripple Expands RLUSD Utility With Institutional Credit Fund Built on XRP Ledger

TLDR

• Ripple backs an institutional credit fund providing RLUSD working-capital loans to fintech and payments companies.
• Clearpool is building XRP Ledger infrastructure for creating and managing institutional lending pools using RLUSD.
• Cicada Partners will source borrowers, establish loan terms and monitor credit risk throughout lending operations.
• Ripple joins as a limited partner without guaranteeing losses and invests alongside other institutional participants.
• XRPL lending remains on Devnet while XLS-65 and XLS-66 await required validator approval for mainnet.

Ripple is backing a new institutional credit fund that plans to issue RLUSD working-capital loans through the XRP Ledger, while Clearpool and Cicada Partners handle infrastructure and credit management.

Ripple Backs RLUSD Institutional Credit Fund

The planned fund will provide working-capital loans denominated in Ripple USD, or RLUSD, to fintech, payments and crypto service companies. Borrowers approved for financing will receive RLUSD and repay their loans using the same stablecoin.

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