Clearpool holders have approved moving the project's token from Ethereum to the XRP Ledger, backing a new institutional-credit push that runs on RLUSD rather than XRP. The vote expands XRPL's lending infrastructure, but the loans themselves leave XRP with only a small, fee-based role.
Clearpool holders approved a 1:1 migration of the project's CPOOL token from Ethereum to a new XRP Ledger-based CLEAR token. The vote passed with 97.16% support, and XRP traded near $1.50 as the news unfolded. The vote strengthens XRPL's institutional-credit offering, but the planned loans will run on RLUSD rather than XRP itself.
Each CPOOL token is set to be exchanged for one CLEAR token, with anticipated CLEAR circulation of about 1.1 billion tokens at launch, targeted for Q4 2026. Clearpool has facilitated more than $930 million in institutional loans since 2021, and its token buybacks are designed to support CLEAR rather than XRP.
RLUSD loans limit XRP's direct role
The fund's loans are made in RLUSD, Ripple's dollar-pegged stablecoin, rather than XRP. XRP's main role in the transactions is paying small XRP Ledger fees, which are burned — a transaction-level use that does not by itself show loan growth will generate material buying demand for the token. Clearpool also plans to direct half of its protocol fees toward buying back and burning CLEAR, a mechanism that supports the migrated token rather than XRP.
Ripple's wider institutional push
The expansion builds on Clearpool's existing ties to Ripple. On August 21, Ripple, Clearpool and Cicada Partners established a credit fund in which Ripple participates as a limited partner, Cicada evaluates borrowers, and Hex Trust oversees assets.
XRP still far below its 2025 high
As of today, XRP was about 50% lower over the preceding year. The token also traded roughly 59% below its July 2025 all-time high of $3.65. At that scale, a new application announcement needs a substantial, demonstrable flow of incremental demand to move price materially.
The thesis would look different if loan activity began using XRP as collateral, or if the platform generated meaningful cross-currency settlement flows involving XRP's liquidity. Those mechanisms would tie protocol growth more directly to the asset itself.
Source: Cryptonews
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