Clearpool Secures $400,000 in XPL Tokens from Plasma for PayFi Growth
- Clearpool received $400,000 in XPL tokens from Plasma to enhance its PayFi credit infrastructure.
- DeFi protocol Clearpool focuses on integrating credit infrastructure into stablecoin payments.
- Plasma is a blockchain network aimed at improving stablecoin liquidity and facilitating global money movement through its native XPL token.
- The funding supports the expansion of PayFi, which provides short-term financing for stablecoin-settled payments like remittances and merchant flows.
- Clearpool partnered with Plasma to launch cpUSD, a permissionless yield-bearing stablecoin backed by PayFi credit vaults on the new Plasma mainnet beta.
Clearpool has secured $400,000 in XPL tokens from Plasma to advance its PayFi infrastructure, enhancing credit options for stablecoin transactions. This collaboration includes launching cpUSD and leveraging Plasma’s mainnet for improved liquidity.
Source (3.2)https://cryptobriefing.com/clearpool-secures-400k-xpl-funding-from-plasma-for-payfi-growth/?rand=59535
