Ripple Teams Up with Clearpool and Cicada Partners to Launch RLUSD Institutional Credit Fund
Source：
www.coindesk.com
According to CoinDesk, Ripple announced a collaboration with lending platform Clearpool and credit management firm Cicada Partners to launch an institutional credit fund that will provide working capital loans to fintech and payment companies in the form of the RLUSD stablecoin on the XRP Ledger. Cicada will be responsible for borrower screening, setting loan terms, and monitoring credit risk; Clearpool will build the infrastructure for creating and managing loan pools; and Ripple will participate as a limited partner, investing under the same terms as other institutional investors. Details regarding the fund's size and Ripple's specific contribution amount have not been disclosed.
