Clearpool has entered a strategic partnership with Cicada Partners to strengthen institutional access to Payment Financing (PayFi) within the stablecoin economy.
The collaboration will see Cicada, an on-chain credit risk advisory and management firm handle underwriting, structuring, and active oversight of Credit Pools through Clearpool’s Port Vaults.
Cicada’s role includes managing lending opportunities for selected borrowers and acting as an administrative and monitoring agent on behalf of lenders. Founded after the FTX collapse, Cicada’s team has overseen more than $850 million in crypto loans with a 1.2% default rate, offering “Risk-as-a-Service” solutions for blockchain and real-world asset (RWA) sectors.
🤝 Clearpool has partnered with Cicada to institutionalize PayFi lending with risk-managed Credit Pools
Cicada is an on-chain credit risk management company founded by a seasoned team of former buy- and sell-side credit professionals. Cicada’s co-founders have deep crypto… pic.twitter.com/JY79tNCVqE
— Clearpool (@ClearpoolFin) August 11, 2025
Clearpool is expanding PayFi — a fast-growing credit vertical powering stablecoin-based global payments in sectors such as retail remittances, cross-border B2B transactions, card processing, and on/off-ramp services. The protocol has facilitated over $830 million in stablecoin credit to institutional borrowers including Jane Street, Wintermute, and Flow Traders.
A key development is the launch of PayFi Credit Pools and cpUSD, a permissionless, yield-bearing asset that generates returns from real-world payment flows in USDC and USDT. Unlike yields driven by crypto speculation, cpUSD’s performance is linked to traditional trade finance dynamics, making it less correlated with crypto market volatility.
Clearpool CEO Jakob Kronbichler said the partnership addresses liquidity gaps in stablecoin settlements, where underlying fiat flows often lag. By integrating Cicada’s credit risk expertise, the move aims to enhance Clearpool’s credit framework and support the emerging trillion-dollar stablecoin payments market.
With this alliance, Clearpool and Cicada are positioning themselves to deliver secure, professionally managed stablecoin lending products that cater to institutional needs, improve risk-adjusted yields, and expand the scope of DeFi into real-world financial flows.
In a another development, World Liberty Financial (WLFI) is preparing to launch a loyalty program for USD1 stablecoin holders. The initiative will operate on a points-based system in partnership with selected crypto exchanges, aiming to drive adoption and engagement within its ecosystem.
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