Introducing CredEarn Available On Uphold

CredEarn enables Uphold users to earn up to 10% interest on digital assets

On Thursday, our President and co-founder Dan Schatt announced Cred’s newest launch - CredEarn. This revolutionary product will enable Uphold users to earn up to 10% on their digital currency assets with favorable rates on BTC, XRP, ETH, Gold, USD, Euro and a few soon to be announced Stablecoins and tokens.

The Cred team has been working day and night over the past several weeks to launch CredEarn in response to our community’s desire to earn a return on their digital assets — crypto assets, fiat assets and beyond.

“We’re thrilled to offer consumers the opportunity to earn interest on their digital assets and fiat currencies,” said Dan Schatt, Co-founder and President of Cred.
“In a bear market, customers can benefit from the liquidity they receive when obtaining a fixed amount of interest in USD or Stablecoin. In a bull market, customers also benefit by receiving the full upside on the amount of crypto they originally committed.”

The Cred leadership team includes professionals from PayPal to Prosper and former lending, payments and fintech executives from Goldman Sachs to Zong, in addition to some of the best legal and regulatory counsel available. The collective knowledge we have acquired in the management of complex financial instruments, lending, payments and risk management, coupled with blockchain technology has enabled us to develop the CredEarn product which will ultimately make Cred’s lending product even better, offering fair lending and lower interest rates on loans.

CredEarn by the numbers

With CredEarn, you can earn the following annualized returns:

  • BTC = 10%
  • XRP = 5%
  • ETH = 3%
  • Euro and USD = 3%
  • Gold = 3%

Let’s say you are holding 3 Bitcoin in your Uphold account, currently worth about $10,000. First, go to the CredEarn app and commit your 3 BTC. On the funding date (which happens on the first and fifteenth of each month), your 3 BTC will be transferred out of your Uphold account into the CredEarn program. Three months after the funding date, you will receive your first $250 interest payment in USD or stablecoin in your Uphold account. In the second three month period, you will receive an additional $250 interest payment and your 3 BTC will be returned to your Uphold BTC wallet. We give users the option to auto-renew for subsequent 3 month periods. In this case, you will receive a new strike based on your 3 BTC at the time of auto-renewal. Super simple!

CredEarn dashboard on the Uphold platform

Huge Opportunity for XRP, BTC, ETH, LBA Holders

The crypto communities were on our mind when architecting this product for the Uphold platform. We wanted to make sure that hodlers could really benefit from the CredEarn product, which is why we incorporated earning 3% to 10% in this first release.

For LBA token holders, you’ll receive preferential consideration for the higher interest rates available for CredEarn. We are working on other exciting options for LBA hodlers and this product will be constantly evolving so that there will always be something exciting that you will soon experience. If you’re looking to buy LBA on Uphold, click here to learn more.

In early November, Uphold ran a survey on Twitter asking their community what product launch they were most excited about. The overwhelming 37% for earn made us realize that we had to give earning a return on digital assets a hard look. This poll coupled with independent market research and analysis of the current cryptocurrency environment played a significant factor in Cred’s product and development team prioritizing our product launches.

The prioritized release of CredEarn reflects what we’ve heard from you loud and clear— earning a return on your crypto is a priority and we will be providing specific dates to our community on other products and enhancements as we continue to receive feedback on what is most important to you!

Better Than The Big Financial Institutions

Compared to the big financial institutions, Uphold customers using CredEarn will be able to earn interest on more assets than just fiat currencies and precious metals. CredEarn is striving to democratize fair lending and borrowing. Interest rates in the Eurozone have been below zero since 2014, so CredEarn is significant especially for those living in the EU.

Customers holding Bitcoin, ETH, and XRP in their Uphold accounts will also be eligible to earn substantial interest rates. For LBA token holders, they’ll receive preferential consideration for the higher interest rates available for CredEarn. This tool will open up access to credit globally, and help to usher in new users to the blockchain economy.

We must note that Cred is not a bank, therefore your assets are not considered deposits and there is no FDIC insurance available to the type of product we offer. It is possible to withdraw your crypto before the 6 month time period, although doing so would result in an early withdrawal penalty. This should not be a problem for those HODLers out there though who wouldn’t be cashing out of their crypto in six months anyway.

What are the risks?

As with any great product, there are always risks and we want to be completely transparent and inform our users on the risks. Making an informed decision is the best way to make sure CredEarn is right for you. We created a list of “Risk Factors” that can offer an overview of the risks associated with participation in CredEarn. This material has been prepared for informational purposes only.

Risk Factors

Counterparty credit risk. There is a risk of default in any lending transaction. Cred has credit policies in place to mitigate credit risk, however, Cred is unable to fully remove credit risk. Defaults may occur when a retail or corporate borrower fails to make an interest or principal payment as scheduled. There are many factors that may contribute to default, most related to the ability and willingness a borrower to repay a loan. Comparable to financial intermediaries including investment managers and banks, Cred relies on the guarantees and creditworthiness of its borrowers.

Liquidity risk. Under certain market conditions or borrower behavior, there may be delays in accessing liquidity. Cred LLC requires liquidity to meet short-term debt obligations. A lack of liquidity may happen if a borrower is delayed in making an expected interest or principal payment. These delays may be temporary or in some cases a longer term. A lack of liquidity could prevent Cred LLC or its affiliates from making timely interest or principal payments.

Industry risk. The regulatory, tax and legal environment surrounding crypto assets remain uncertain. Industry changes could affect all participants, including Cred LLC, its affiliates and borrowers’ ability to repay debt obligations. Any events that adversely affect the crypto industry could have unforeseen and negative consequences for lenders and borrowers.

Economic risk. Macroeconomic conditions can affect financial markets in unforeseen ways. These may include government regulation, trade policies, exchange rates, political and other geopolitical events. The ability for lenders and borrowers to perform on their commitments can be influenced by economic risks.

To learn more about the details of the product, check out the full CredEarn FAQ here.

Start earning with CredEarn now!

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 or follow us on Twitter, LinkedIn, or join our community on Telegram.


* CredEarn is a loan arrangement, not a deposit relationship. Interest accrues on amounts actually borrowed by Cred and is calculated on a simple interest basis based on the number of days and amount of the assets borrowed. Not all customers will be able to participate and not all funds may be borrowed. The CredEarn Program is offered solely by CRED LLC to non-U.S. Persons who affirmatively opt into the service. Additional terms and conditions will apply. CredEarn loans have not been registered by CRED LLC under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements. Although various factors are highlighted in the risk section that could materially affect your loan, these do not encompass all possible risks. There is a risk with any lending transaction. Cred LLC and its affiliates do not provide investment, legal, tax or accounting advice. You should consult your own investment, legal, tax and accounting advisors before engaging in any financial transaction.