Clearpool said it plans to launch RLUSD-based institutional lending infrastructure on the XRP Ledger, using the XLS-65 single-asset vault framework and the XLS-66 lending protocol, with related services listed on its site for September 11, 2026.

According to Clearpool, the planned structure is designed to extend XRPL usage beyond payments and remittances into institutional credit. The company said the setup will use RLUSD for loan settlement, while XRP will be used for transaction fees and minimum account balance maintenance on the network.

Clearpool described XLS-66 as a protocol for fixed-term, unsecured on-chain loans funded through single-asset vaults under XLS-65. In that model, borrower credit assessment and risk management would be handled off-chain rather than through automated on-chain collateral management. Clearpool said the current structure does not include automated collateral management features.

The company also cited cumulative loan execution of $965 million and total value locked of $30 million. At the same time, several material details remain open, including final launch timing, the approval status of XLS-65 and XLS-66, and expected loan sizes. Clearpool also unveiled a governance proposal to convert CPOOL to CLEAR as it expands onto XRPL, but said the conversion ratio and detailed terms have not yet been confirmed.

Different sources describe the matter differently, and the relevant details still require official confirmation. Prior reporting around the XRPL lending framework said XLS-65 and XLS-66 were still in the technical draft stage and subject to validator approval before mainnet deployment. Earlier XRPL-related developments also pointed to growing RLUSD integration and separate lending initiatives on the network.

Why It Matters

The announcement points to a broader attempt to position XRPL for institutional credit products rather than keeping its on-chain activity centered on transfers and payment flows. If launched, the structure would add a stablecoin-settled lending layer to the network and test whether institutional borrowers and liquidity providers are willing to use XRPL-based credit rails.

It also highlights a version of on-chain lending that relies on off-chain underwriting instead of typical overcollateralized DeFi mechanics. That model could appeal to traditional credit participants, but it also puts more weight on governance, underwriting standards, and protocol approval before the product can be treated as live infrastructure.