Clearpool has announced its groundbreaking collaboration with Plasma, marking a significant step forward in redefining the landscape of global payments. This partnership aims to empower Plasma’s mainnet by building a flagship yield-bearing stablecoin, cpUSD. With this, the platform is set to pave the way for a scalable and credit-backed stablecoin liquidity among both emerging and developed markets.
Clearpool, a decentralized marketplace for unsecured liquidity, has announced the news through its official X account. The other partner, Plasma, is a purpose-built blockchain for stablecoin transactions.
Clearpool and Plasma to Bridge cpUSD with Plasma’s Payment Infrastructure
With this partnership, Clearpool and Plasma are poised to expand their shared vision while laying the foundations for DeFi integrations. They both aim to scale stablecoin-powered liquidity to advance global payments. Clearpool’s cpUSD is powered by PayFi Vaults, offering yield-bearing opportunities to fulfill the short-term financial credit needs of institutional lenders, including remittances and card processors. These credit channels are infused with Plasma to execute a chain that is especially created for payment efficiency and scale.
Plasma is supported by Founders Fund, Bitfinex, and Framework Ventures. At the time of launch, the network boasted more than $2 billion in stablecoin TVL. Plasma offers zero-fee USDT transfers, complete EVM compatibility, and partnerships with major DeFi protocols such as Aave and Euler.
With this, the platform strives to cement its position as a cornerstone for the stablecoin ecosystem. In this way, Plasma becomes the ideal home for Clearpool’s cpUSD. Through this integration, the platform is set to expand its utility for trading, lending, settlement, and collateralized DeFi applications.
Clearpool Fosters a Shared Vision of Financial Inclusion
Clearpool’s cpUSD is built to maximize utility along with stability, allocating 75% PayFi Vaults and 25% to liquid yield-bearing stablecoins for redemption flexibility. Plasma’s mission perfectly aligns with this structure, skimming high-volume stablecoin flows. Clearpool, by combining efforts with Plasma, aims to foster a vision for stablecoins to go beyond speculative use cases.
The CEO and Co-founder of Clearpool, Jakob Kronbichler, states that, “Plasma is creating the payments infrastructure that stablecoins have always needed.” Paul Faecks, the counterpart at Plasma, echoed the statement by saying, “By bringing cpUSD to Plasma, we’re ensuring that fintechs can access credit at scale on a chain built for their core use cases.”
The two platforms are poised to unite Clearpool’s credit solutions with Plasma’s payment infrastructure. With this, both strive to pave the way for the next level of stablecoin adoption. There, the stablecoins can move the world, not just a market.
