Ripple Private Credit Partner Clearpool Finalizes Token Move to XRP Ledger

What happened

Clearpool's community approved an expansion to the XRP Ledger and a 1:1 migration from CPOOL to CLEAR with 97.16% support. The vote closes the strategic discussion phase and sets a framework for an alliance with Ripple in on-chain lending backed by real-world assets.

The 1:1 token migration is scheduled for the fourth quarter of 2026. 70% of the new supply will go to current holders at launch, and half of all platform fees will buy back and permanently burn CLEAR.

Under the deal, Clearpool provides the technology rails and smart contracts, Cicada Partners audits borrowers and underwrites risk, and Ripple joins the pools as a limited partner. Financing will be conducted exclusively in the dollar stablecoin RLUSD, with custody provider Hex Trust providing security and compliance bridges.

Why it matters

The expansion adds credit infrastructure to the XRP Ledger, but the product's dollar-based settlement does not require borrowers to use XRP. Loans are processed in RLUSD, with XRP used for network fees that are burned. Clearpool plans to allocate half of its protocol fees to buy back and burn CLEAR, which benefits CLEAR holders but does not create direct demand for XRP.

What the data shows

CPOOL broke out of a year-long accumulation range of around $0.013, $0.020 and reached $0.036554. The price rose above the medium-term moving average at $0.028192, turning it into a strong support level.

On October 5, 2026, XRP was about $1.51, up 0.8% over 24 hours and 1.9% over seven days. XRP was down 50% over the prior year and about 59% below its reported $3.65 all-time high from July 2025. Its market capitalization was near $95 billion, with approximately 63.1 billion tokens circulating against a maximum supply of 100 billion.

Since 2021, Clearpool has facilitated over $930M in loans, while Cicada has underwritten over $860M. The new CLEAR token will have an initial circulation of 1.1 billion tokens on the XRP Ledger.

Background

The product relies on the XRP Ledger's native standards, XLS-65 for regulated single-asset pools and XLS-66 for unsecured lending. In early October, these amendments were still being tested on Devnet and awaited approval from 80% of validators before full deployment on the XRPL mainnet.

The token migration changes how transactions are recorded but does not affect Clearpool's borrowers or loan sizes. The Ethereum marketplace will continue to operate alongside the XRPL expansion.

What is still unclear

• The product's reliance on XLS-65 and XLS-66 means execution depends on validator approval and mainnet deployment.
• It is not clear whether the RLUSD-based lending will create direct demand for XRP, because using a dollar stablecoin does not equate to needing XRP for loans.
• The exact date within the fourth quarter of 2026 for the migration has not been announced.

Questions readers ask