Cred, the decentralized global lending platform, has secured $200,000,000 USD in crypto-backed lending facilities.
In addition to securing this unprecedented lending facility, Cred has also announced an important milestone in their partnership with Uphold. Cred’s LBA token is now available in 170+ countries on Uphold’s secure crypto and fiat banking platform. Uphold users will be able to purchase LBA with crypto, cash and via debit/credit cards, as well as obtain token-backed loans.
As part of this partnership, Uphold is currently offering zero commission transactions for all purchases of LBA. Cred’s LBA token will offer benefits to Uphold members such as a substantial reduction in interest rate loans, as well as a streamlined loan process. This listing highlights the expanding Cred ecosystem and deepening pool of liquidity available worldwide.