CRED: The DeFi App That is Disrupting Lending

UTC by Maria Konash · 2 min read
CRED: The DeFi App That is Disrupting Lending
Photo: Cred / LinkedIn

Cred, a decentralized lending ecosystem that facilitates access to credit using cryptos as collateral, is set to disrupt the traditional lending market.

Cred, formerly known as Libra Credit, is a decentralized lending ecosystem that facilitates access to credit using your cryptocurrency as collateral. With the rise of DeFi (decentralized finance) applications powered by the Ethereum blockchain, Cred is making waves disrupting the traditional lending market.

Cred is a solution for investors who want fiat liquidity on the digital assets they want to hold for the long term. Cred provides a crypto-line-of-credit secured by your digital assets, offering competitive interest rates and yields as high as 10% per annum. The native token for the ecosystem – Cred’s Lend-Borrow-Asset (LBA) token – provides users access to preferential terms and higher interest rates if they hold LBA token.

Active in 121 countries and available in 28 states, Cred has secured over $300 million of lending capital to date. Cred’s growth can be attributed to their strong compliance focus, engaging with regulators and ensuring they meet all licensing requirements as a financial institution. Cred is now able to offer attractive interest rates on digital assets such as BTC, ETH, and XRP, as well as fiat currencies such as USD and Euro.

Founded by PayPal executives, Cred has been able to secure strong partnerships including Uphold,, TRON, TrueUSD and Coinbit; with custodial partners BitGo, Xapo, Bittrex.

Liam Robertson, founder and CEO of Alphabit Fund and advisor to Cred is excited about the success of this project:

“The combination of strong team, sound tokenomics, and an exploding market for decentralized finance applications has contributed to the rise of Cred being among the fastest growing lending ecosystems in the crypto community.

Alphabit has been an early investor and advisor the Cred network, and we believe strongly they will achieve their mission of democratizing access to liquidity and lowering the cost of financial services for individuals across the globe.”

Alphabit currently holds a sizeable position in Cred and remains bullish on the LBA token.

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Maria Konash
Editor-in-Chief Maria Konash

Being a successful graduate of Belarusian State Economic University (BSEU), Maria has acquired competencies in economic and social studies. Given Maria’s previous research working experience, and desire to explore what's really shaping the future, the main research focus is placed on FinTech and Blockchain Technology.

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