Clearpool, a decentralized credit market, has unveiled a series of products to finance payments, targeting fintech companies dealing with cross -border transfers and card transactions.
Products include Stablecoin Credit Pools for payments’ financing (PAYFI) and CPUS, a token without authorization that generates the performance of short -term loans to payment providers.
“What many are unaware is that if the stablecoins are instantly enjoying, Fiat did not forced the fintechs with frontal liquidity to fill this gap,” the CEO and co-founder Jakob Kronbichler said on Thursday.
The Clearpool Payfool Pools aim to provide credits to institutional lenders at the service of these companies, with reimbursement cycles ranging from one to seven days.
The CPUSD token, supported by PAYFI chests and liquid, stable of yield, aims to provide yields related to real world payment flows rather than a speculative cryptographic activity.
The expansion of Clearpool underlines the wider trend than the stages of become basic infrastructure in global payments, especially in emerging markets where traditional banking rails remain slow or expensive. The protocol said it had already created more than $ 800 million in stablecoin credit for institutional borrowers, including Jane Street and Banxa.
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