The leading provider of crypto-backed lending, Cred, has announced that it will be providing USD loans with XRP as collateral.

Mike Arrington, founder of Arrington XRP Capital has praised the new service, stating that “[Cred] continue to impress me with their ability to act as a trusted bridge between the traditional financial services ecosystem and the crypto community”.

Co-founder of Cred Dan Schatt has stated that the company is “thrilled to offer XRP holders the same low rates and convenient liquidity services as ETH and BTC holders”.

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