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

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

Ripple Backs RLUSD Institutional Lending Fund on XRP Ledger

Ripple is backing a new institutional credit fund designed to lend its RLUSD stablecoin to fintech and payments companies through the XRP Ledger, in a partnership with lending infrastructure provider Clearpool and credit manager Cicada Partners. The initiative is aimed at providing working capital to financial technology businesses through loans denominated in RLUSD. Cicada will be responsible for identifying potential borrowers, establishing le…

Ripple Backs RLUSD Credit Fund With Clearpool

Ripple is backing a new institutional credit fund that will lend its RLUSD stablecoin to fintech and payments companies on the XRP Ledger, alongside lending platform Clearpool and credit manager Cicada Partners, per a release shared with CoinDesk. How the fund will work The fund will provide working-capital loans denominated in RLUSD, with Cicada sourcing borrowers, setting loan terms and monitoring credit risk. Clearpool is building the infrast…

Ripple Is Backing a New RLUSD Credit Fund—But XRP Holders Need to See What Is Not Live Yet

Ripple is backing an institutional RLUSD credit fund built for XRP Ledger lending rails, but the biggest XRP detail is still waiting on mainnet activation.

Ripple backs RLUSD credit fund as XRP surges 26% this week

Ripple's strategic expansion into institutional finance could enhance XRP's market position, potentially driving long-term growth and stability. The post Ripple backs RLUSD credit fund as XRP surges 26% this week appeared first on Crypto Briefing.