Clearpool token holders approved a 1:1 migration of their CPOOL token from Ethereum to the XRP Ledger-based CLEAR token with 97% approval. This migration, targeted for Q4 2026, aims to develop institutional credit offerings on XRPL using Ripple’s RLUSD stablecoin for loans. Clearpool has facilitated over $930 million in institutional loans since 2021 and plans to issue approximately 1.1 billion CLEAR tokens at launch. XRP’s primary role in these transactions is limited to paying XRP Ledger network fees, which are burned, creating indirect token use without significant purchasing demand. XRP was trading around $1.50, down approximately 50% over the past year and roughly 59% below its July 2025 all-time high of $3.65.
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