CredEarn Introduces Higher Rates and Special Benefits to LBA holders

Customers can now earn up to 10% on Bitcoin, 9% on XRP and 7% on ETH

Feb 20 · 4 min read

It’s a big week for CredEarn and Uphold customers. Yesterday, we opened Cred earning and borrowing to 28 US States, and today we are raising interest rates for LBA holders! We’re thrilled to offer LBA holders some of the highest interest rates available to the market.

If you hold 10,000 LBA tokens, currently valued at around $100, you will be eligible to earn 9% on XRP and 7% on ETH (non-LBA holders will get 7% on XRP and 5% on ETH). We look forward to continually introducing valuable benefits to our LBA holders, who are helping us stay true to our mission of providing more equitable and inclusive lending and borrowing services leveraging blockchain technology. We’re fortunate to have the support of terrific institutional investors that use Cred’s service, such as Mike Arrington:

“As a customer of Cred, I appreciate the competitive returns they offer and I have a high degree of confidence in their team.” — Michael Arrington, XRP investor, early Cred customer and Partner of Arrington XRP Capital.

XRP and ETH are two of the most popular cryptocurrencies on Uphold. When XRP was first listed on Uphold in early 2018, it accounted for less than 10% of platform purchases each month. In December, that figure rose to 43%. If you are holding the crypto for the long haul, and not planning to sell in the next six months, CredEarn gives hodlers a way to earn and make the crypto work for you. Customers still get the upside if the value of the cryptocurrency goes up, and get interest payments in USD or stablecoin.

“Traditional financial institutions are loaded down with legacy infrastructure and with blockchain technology, we’re happy to provide some of the most competitive financial services on the market with higher yields and lower lending rates for our customers.”- Dan Schatt, Co-founder and President of Cred.

How does it work?

Let’s say you are holding 30,000 XRP in your Uphold account, currently worth about $10,000, and you also hold 10k of Cred’s LBA token.

Go to the CredEarn app and commit your 30,000 XRP.

On the funding date (which happens on the first and fifteenth of each month) your 30,000 XRP and 10,000 LBA will be transferred from your Uphold account to the CredEarn program. Be sure to have your LBA in your account before 1am EST on your program start date, otherwise, you will automatically be reverted to the lower interest rate.

Three months after the funding date, you will receive your first $225 interest payment in USD or stablecoin in your Uphold account. In the second three month period, you will receive an additional $225 interest payment and your 30,000 XRP will be returned to your Uphold XRP card and the 10k LBA will be returned to your LBA card. Super simple! Since the interest payments are made in USD or stablecoin, this allows our customers some significant advantages: In a down market, the interest payments remain stable, and in an upmarket, the customer benefits from the full upside value of their principal.

What is LBA token and why should I hold it?

Cred’s Lend-Borrow-Asset (LBA) token is a global utility token that allows customers to get the very best set of financial services benefits that will continue to be introduced monthly. When you own at least 10k LBA, you qualify for promotional interest rates on digital assets and lower the cost of your loans. Every month you’ll see new benefits designed exclusively for LBA holders that will continue to make the Cred experience more valuable.

This has been a long time coming, and we’re thrilled to now offer these benefits worldwide. Don’t have LBA? You can purchase it through Uphold, Bittrex, Okex, Huobi and a number of other exchanges. Offering LBA holders special interest rates is just the first step of the true utility and value Cred will be providing.

To learn how to buy LBA token on Uphold, click here.

To start earning on Uphold now, click here:

About Cred
Cred is a decentralized global lending platform that facilitates open access to credit anywhere and anytime. Founded by former PayPal financial technology veterans, Cred has secured over $300 million of lending capital with offices in San Francisco and Shanghai. Cred’s mission is to harness the power of blockchain to allow everyone to benefit from low-cost credit products. Cred brings together a diverse team of entrepreneurial leaders, machine learning, and the power of blockchain technology.

For more information, visit and activate CredEarn on Uphold here.
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