ETH Classification and Institutional DeFi Developments

**Clearpool CEO Jakob Kronbichler** spoke at XRP Seoul, Ripple's largest Asia conference, focusing on three key areas: - **Cross-border payments evolution** and future developments - **Stablecoin integration** in global payment systems - **Innovative XRP applications** for on-chain borrowing and lending The presentation builds on Clearpool's recent momentum, including surpassing **$850M in total loans** and paying over **$10M in stablecoin interest** to lenders. Clearpool positions itself as the **credit layer powering PayFi**, aggregating capital from retail and institutional lenders to supply stablecoin credit to payment firms. The Seoul conference appearance follows Kronbichler's recent keynotes at EDCON Official, where he discussed how stablecoins are revolutionizing pre-funding across global payment corridors.

**Clearpool has joined the Circle Alliance Program**, a global community focused on bringing the world on-chain using USDC. The partnership enables Clearpool to: - Collaborate with innovative protocols and institutions - Build solutions using USDC - Support the development of an on-chain economy As a decentralized marketplace for unsecured digital asset liquidity, Clearpool's participation in the Alliance Program strengthens its position in connecting traditional capital markets with DeFi. The Circle Alliance Program brings together teams working to expand USDC adoption and on-chain financial infrastructure. [Learn more about the partnership](https://partners.circle.com/partner/clearpool)

**Clearpool has achieved $850 million in total loans originated** across its decentralized lending platform. The milestone represents significant growth from the $202M reported in July, demonstrating strong institutional adoption of on-chain private credit solutions. **Key developments:** - Platform serves trading firms and expanding into PayFi sector - Previous growth driven by larger loans to institutional borrowers - U.S. regulatory clarity boosting institutional demand Clearpool operates as a **decentralized marketplace for unsecured digital asset liquidity**, allowing institutional borrowers to access uncollateralized loans directly from lenders. The platform's compliance-focused infrastructure positions it to bridge traditional capital markets with DeFi as stablecoin usage accelerates. [Learn more](http://clearpool.finance)

Hong Kong's upcoming stablecoin regulatory framework is attracting institutional attention, according to Clearpool CEO Kronbichler in a Decrypt Media interview. Key points: - Stablecoins have evolved from crypto-native tools to essential financial infrastructure - Institutions are leveraging stablecoin infrastructure for: * Credit services * Funding operations * Financial services beyond payments The development comes as Hong Kong's OSL raises $300M to enhance crypto access ahead of the new regulations. [Read the full article](https://decrypt.co/331785/hong-kongs-osl-raises-300m-to-bring-trusted-access-to-crypto-ahead-of-stablecoin-law-rollout)