Clearpool Vote Backs XRP Ledger Expansion, 1:1 CLEAR Migration

Clearpool’s Snapshot vote approved its planned expansion to the XRP Ledger and a 1:1 migration from CPOOL to CLEAR, advancing an institutional credit initiative that would use RLUSD for settlement. The proposal received 97.16% support. Clearpool plans the expansion with Ripple and Cicada Partners, using RLUSD, a regulated stablecoin, to settle transactions. Under the conversion plan, each CPOOL would become one CLEAR. CLEAR is planned to have a total supply of 1.429 billion tokens, with 1.125 billion, or 78.75%, in circulation at migration. Clearpool operates an Ethereum-based credit marketplace.

Source: TokenPost