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The post Cred offers XRP-collateralized USD loans appeared first on CoinReport.
Cred (LBA), a decentralized lending startup backed by Binance Labs that was formerly known as Libra Credit, announce this week that it has secured $ 50 million in funding to begin offering USD loans collateralized by XRP. Now @Ripple customers have the opportunity to hold their #XRP long-term without the need to sell or incur tax. XRP hodlers can borrow as […]
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An ongoing concern among price-pegged stablecoins has been the transparency and legitimacy of operations that assure that each token is truly backed 1:1 with the corresponding asset. To address these issues, Cred (LBA), a decentralized lending startup formerly known as Libra Credit, has partnered with PricewaterhouseCoopers (PwC) to develop a new stablecoin pegged to the dollar. According to an announcement this week, […]
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