On its further development Cred bring its services to the Binance ecosystem, according to a press release published on May 29. As part of the agreement, Cred will migrate some of its ERC-20 LBA tokens to Binance’s mainnet, Binance Chain, and become the official lending and borrowing platform for the decentralized financial ecosystem.
California-based Cred is a licensed lender and a founding member of the Universal Protocol Alliance, a coalition of cryptocurrency and blockchain firms. Cred is backed by industry leaders such as Binance Labs, Arrington XRP Capital, Blocktower, and FBG Capital.
Just this last October, Big Four auditing firm PricewaterhouseCoopers partnered with Cred to provide tech expertise in the launch of their U.S. dollar-backed stablecoin.
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