Earn up to 10% Interest on USD and Euro on Uphold

Cred is currently offering Uphold customers up to 10% interest on USD
and EURO

SAN FRANCISCO–(BUSINESS WIRE)–#blockchainCred,
the leading provider of crypto borrowing and lending with over $300
million in credit facilities, today announced Uphold customers will be
earning higher rates on a variety of digital assets. In addition to
increases in USD and Euros, Uphold customers can now earn up to 5% on
their Gold holdings and 8% on their Ethereum holdings.

“Most of us have been conditioned to believe that one or two percent
should be the norm, and ten percent is too good to be true. The reality
is that most financial institutions incur significant legacy costs —
branches, ATMs, expensive payment infrastructure and outdated
technology, and pass that on to their customers through lower yield
rates and higher loan costs,” said Dan Schatt, Co-founder and President
of Cred. “As a licensed lender with comprehensive insurance, Cred’s
product leverages crypto payment rails and the latest technology
practices to give more back to customers.”

Cred customers can commit to a six-month term with the ability to
rollover assets for additional three month periods. No account minimum
is needed and interest is paid in U.S. Dollars or Stablecoin every three
months on Uphold. The principal is paid back in the fiat or crypto
amounts that were initially received.

“At Uphold, we are working with best of class partners to build an
ecosystem that will revolutionize the personal finance industry for
consumers globally. Our community is very vocal about their desire to
Hodl and very happy with Cred’s ability to offer significant earnings on
digital assets we support like USD, Euros, Gold, GBP, BTC, BCH or ETH,”
said JP Thieriot, co-founder and CEO of Uphold.

Cred is backed by some of the largest investors in crypto and tech
including 500 Startups, Arrington XRP Capital, Blocktower, FBG Capital,
and Binance Labs. Cred is also a founding member of the Universal
Protocol Alliance, a board member of the Blockchain Advocacy Coalition
and has a joint business relationship with PwC.

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 has some of the most
comprehensive insurance offered in the crypto lending sector. 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 mycred.io
or follow us on Twitter,
LinkedIn,
or join our community on Telegram.

About Uphold:

Uphold is a digital money platform providing consumers worldwide with
convenient and secure access to traditional currencies,
cryptocurrencies, and other investments. Uphold has powered more than $4
billion in transactions across 184 countries, covering over 30 supported
currencies and four commodities. Uphold is the only financial platform
to publish its reserve holdings in real time. The company has offices in
San Francisco, New York, Portugal, London and Mexico City. More
information can be found at www.uphold.com,
or follow us on Twitter,
Facebook,
and LinkedIn.
Not licensed in all jurisdictions.

Contacts

Press Inquiries:
Cred: Meghan Gardler, meghan@mycred.io
Uphold:
media@uphold.com

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