From TokenPost · · 40s
Clearpool Vote Backs XRP Expansion
Clearpool's Snapshot vote approves 1:1 migration to XRP Ledger using RLUSD for institutional credit.
In brief
Clearpool's Snapshot vote approves 1:1 migration to XRP Ledger using RLUSD for institutional credit. Clearpool's Snapshot vote approved 1:1 migration from CPOOL to CLEAR using RLUSD for institutional credit settlement. Originally reported by TokenPost.
Clearpool Vote Approval
Clearpool's Snapshot vote approved its planned expansion to the XRP Ledger and 1:1 migration from CPOOL to CLEAR.
Migration Details
The proposal received 97.16% support, with CLEAR planned to have a total supply of 1.429 billion tokens.
Institutional Credit Plan
Clearpool uses RLUSD, a regulated stablecoin, to settle transactions under the XRP Ledger lending plan.
The key point
Clearpool's Snapshot vote approved 1:1 migration from CPOOL to CLEAR using RLUSD for institutional credit settlement.
