Clearpool, a decentralized credit market, revealed a series of products to finance payments, aimed at fintech companies that process cross-border transfers and card transactions.
The products include Stablecoin credit pools for payment financing (Payfi) and CPUSD, a permissionless token that generates proceeds from short-term lending to payment providers.
“What many people overlook is that, although Stablecoins settles immediately, Fiat does not forcose Fintechs to bridge liquidity to bridge that gap,” said CEO and co-founder Jakob Kronbichler in a statement on Thursday.
The Payfi Pools of Clearpool are intended to deliver credit to institutional lenders who serve these companies, with repayment cycles ranging from one to seven days.
Clearpool’s Payfi Credit Pools (Clearpool)
The CPUSD token, supported by Payfi safes and liquid, revenue-bearing stablecoin, is intended to deliver returns that are bound to Real-World payment flows instead of speculative crypto activity.
The expansion of Clearpool underlines the wider trend of Stablecoins that become core infrastructure in global payments, in particular in emerging markets where traditional bank rails remain slow or expensive. The protocol said that it has already been created more than $ 800 million in Stablecoin credit to institutional borrowers, including Jane Street and Banxa.
Read more: PayPal expands crypto payments for US traders to reduce cross-border costs
