Important points
- Clearpool received $400,000 in XPL tokens from Plasma to power PayFi, a credit infrastructure for stablecoin payments.
- Plasma is a blockchain network focused on increasing stablecoin liquidity and facilitating global capital movement through its native XPL token.
Clearpool, a DeFi protocol focused on incorporating credit infrastructure into stablecoin payments, has secured $400,000 in XPL funding from Plasma, a blockchain network designed for stablecoin liquidity and global capital movement.
This funding will support the expansion of PayFi’s Clearpool, a credit layer concept that provides short-term funding for stablecoin payment payments such as remittances and merchant flows, using XPL, Plasma Network’s native token used for incentives and ecosystem growth.
Clearpool has partnered with Plasma to launch cpUSD, Clearpool’s permissionless yield stablecoin backed by the PayFi Credit Vault, and PayFi Vaults in the recently launched Plasma mainnet beta.
The mainnet launch of Plasma positions Plasma as the infrastructure for stablecoin speed and integrates Clearpool to provide credit rails to the emerging payments ecosystem.
