As per the agreement Cred will be migrating some of its ERC-20 LBA tokens to Binance’s mainnet, Binance Chain, becoming the official lending and borrowing platform for the platform. Ted Lin, Chief Growth Officer at Binance elaborated over the partnership, stating that chain’s “one-second block time and will ensure transactions and interactions by Cred’s users will be fast, efficient and effortless.”
Cred is a licensed lender and a founding member of the Universal Protocol Alliance, an alliance of cryptocurrency and blockchain firms. It receives backing from industry leaders such as Binance Labs, Arrington XRP Capital, Blocktower, and FBG Capital.
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