Clearpool Ripple Cicada XRPL Institutional Lending XLS-65 XLS-66
Clearpool, Ripple and Cicada are building XLS-65 vaults and XLS-66 lending protocol for institutional credit on XRPL with RLUSD settlement.
Clearpool announced on X that it is developing institutional credit facilities on the XRP Ledger through XLS-65 Single Asset Vaults and XLS-66 Lending Protocol.
Cicada will perform borrower credit assessment and KYC/AML checks. Ripple will supply the XRPL ledger, RLUSD for settlements, and act as a liquidity provider.
Vet, XRPL Foundation community lead and dUNL validator, stated that institutional lending is coming.
Current Status
The features are not yet live on mainnet. The network currently processes about 1.09 million transactions per day and burns roughly 118 XRP daily.
Scale, timeline to mainnet deployment, and any resulting effects on XRP demand or burn rates remain unspecified.