Binance Partnering With Crypto Lending Firm Cred

Binance, one of the largest crypto exchanges in the world, is teaming up with Cred to offer cryptocurrency backed lending across its ecosystem; Cred allows its customers to both borrow money and earn interest on fiat currency and digital assets such as BTC, ETH and XRP; Cred is a licensed lender based in California and has secured over $300 million in lending capital; Cred will migrate a portion of its native “LBA” token to Binance’s blockchain network. Source.