Uphold And Cred Partner To Open Lending Products Uphold Earn And Uphold Borrow

A digital payments company called Uphold has been recently launching new lending and earning products via a new partnership with a company called Cred. These two new products will be called Uphold Earn and Uphold Borrow.

They were announced today, October 22, and the main goal of these new options is to help the customers to earn interest from holding stablecoins and borrowing money against the cryptos that they own.

JP Thieriot, which is the Uphold co-founder, has affirmed that the new products of the company are a landmark because of the originality of idea, which marks the first time that stablecoins, blockchain and fiat currencies will work together to benefit the mass consumer market.

According to the co-founder of Uphold, the average consumer is very wary of cryptos because of the volatility of the market, which is very big and because they are afraid that if they lose their keys, they will lose their money forever. The new product, Thierot believes, will be instrumental in actually solving these problems.

The company will have custody options and will hold the private keys of the clients as part of their new accounts.

Uphold Earn

Earn will be the product of the company that will let the users invest in a stablecoin named Universal Dollar. The token, which was only recently announced by the company, has been released by Uphold and, just like Tether and some other companies, have a 1:1 ratio pegged with the USD.

Basically, the idea is that you can use the product to pay 1 USD per 1 Universal Dollar and receive an interest of up to 5 percent when investing in this company.

Uphold Borrow

The other product presented by the company is the Uphold Borrow which lets the customer borrow funds against the digital assets stored in the company. The loans will have a value that can range from $1,000 USD to $200,000 USD. This way, if the user needs funds, it can use this program.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide