governance

Ripple Private Credit Partner Clearpool Finalizes Token Move to XRP Ledger

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Clearpool holders approved moving its Ethereum-based CPOOL token to XRP Ledger as CLEAR, with the swap set at 1:1. The plan includes institutional loans denominated in RLUSD and a token buyback-and-burn design for CLEAR, while one report places the conversion target in Q4 2026.

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Key claims & sources

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The migration received 97% approval from holders.
XRP News: Clearpool’s XRPL Move Points to RLUSD
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Clearpool holders approved a move from Ethereum-based CPOOL to XRP Ledger-based CLEAR, with the exchange set at one CPOOL for one CLEAR.
Clearpool Holders Approve 97% CPOOL Migration to XRP Ledger CLEAR Token
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Institutional lending under the plan will be denominated in RLUSD, Ripple’s stablecoin.
Clearpool Holders Approve 97% CPOOL Migration to XRP Ledger CLEAR Token
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One report says the conversion is targeted for the fourth quarter of 2026.
Clearpool Holders Approve 97.16% Migration to XRP Ledger CLEAR

What it means

Clearpool holders and users of its lending setup will notice a change in where the token and loan activity sit, because the move places CLEAR on XRP Ledger and ties the lending plan to RLUSD. That affects the token holders who voted on the switch and the institutional lending side that is set to use Ripple’s stablecoin.

In practice, the token no longer stays on Ethereum in this plan, and the exchange is set at 1:1 from CPOOL to CLEAR. What stays the same is that the protocol still centers on lending, while the fee plan also keeps a buyback-and-burn mechanism for CLEAR.

Market reaction i

XRPXRP the headline names this asset
first headline
0.0% 2 h before
-0.7% 4 h after
$1.52price at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 5 08:04
+1 d 4 h
Oct 6 12:14
Cryptonews.com adds
Adds $930M; brings into the story: RL, XRPL
+2 d 12 h
Oct 7 20:23
Crypto Economy adds
Brings into the story: CLEAR, CPOOL

Has this happened before?

WhenWhat happenedFigure
36 days ago Three Amendments Define the Path to XRPL Lending event 1 actors in common · 3 news media
36 days ago XRP Ledger Opens Vote on Lending Upgrade With Mainnet Activation Pending event 1 actors in common · 2 news media

What could happen next i