Huobi Wallet Announces Partnership with Cred to Offer Lending and Borrowing Services

Huobi Wallet and Cred Partner to offer interest on crypto assets

Huobi Wallet, the professional multi-chain wallet provider from Huobi Group, announced its partnership with Cred to offer financial services to its customers across the Asian economic market. Cred, a licensed lender in California, is the leading crypto-backed lending and borrowing platform, serving customers in over 190 countries. Cred’s platform services will be fully integrated into the Huobi Wallet, offering Huobi Wallet users the ability to earn interest on crypto assets including Bitcoin and Ethereum, stablecoins like the Universal Dollar (UPUSD), and many more upon rollout. 

Download Huobi Wallet to receive updates on the Huobi Wallet and Cred partnership, expected to launch in the late summer of 2020.

“We are so excited to partner with Cred as we share a mutual vision to make our services more accessible to the users. And I believe our partnership will be further enhanced with their team experience and achievements in compliance,” said He Huang, CEO of Huobi Wallet. 

Huobi Wallet is one of the largest wallets in Southeast Asia, supporting over 1,000 cryptocurrencies in 200 countries and regions and was recently nominated as the most popular cryptocurrency wallet. The one-click wallet aims to create an easy-to-use and satisfying user experience. Huobi has upgraded its wallet to support eight stablecoins while giving users complete control over their private keys free from third-party interference. 

“We are thrilled to partner with Huobi, a highly popular cryptocurrency wallet across Asia said Dan Schatt, CEO and Co-Founder of Cred. “In times of financial instability, we’re delighted to assist a strong, reputable company, offering financial services to its customers.”

Huobi Wallet users will be able to lend their crypto assets and receive monthly interest payments, with the option to roll over pledged assets for additional periods. No minimum requirement is needed and interest can be paid in stablecoin or cryptocurrency. Huobi Wallet users with $150K or more in digital assets can also schedule a call with Cred’s Private Client Associates to develop a custom program. 

 

ABOUT HUOBI WALLET

Huobi Wallet is a professional Multi-chain light wallet app from Huobi Group, the leading global digital asset exchange. Huobi Wallet leverages multiple blockchain security-related patents, including patents for security isolation and data encryption, to provide state of the art protection for digital assets assured by the Huobi Wallet Security Team. For more information, visit www.huobiwallet.com.

ABOUT CRED

Cred is a California global lending and borrowing platform serving customers in 190 countries. Founded on the belief of fairness, Cred’s mission is to harness the power of blockchain to allow everyone to benefit from superior financial services. The San Francisco based company brings together a diverse team of financial technology veterans, entrepreneurial leaders, machine learning, and the power of blockchain technology. For more information, visit www.mycred.io. 

 


 

Disclaimer: CredEarn is the trade name for a service offered to non-US persons by Cred LLC, which is an entity distinct and separate from Cred (US) LLC. CredEarn allows you to extend a loan to Cred LLC. The purpose of the loan is to allow you to earn an enhanced yield on your crypto assets, such as Bitcoin. Cred LLC is not a bank and CredEarn services are not insured by the FDIC. CredBorrow and C-LOC™ are trade names for lending products of Cred (US) LLC, a licensed lender and a wholly-owned subsidiary of Cred LLC. Loans, loan amounts, terms, and rates are not available in every jurisdiction, or for every collateral type. The availability of rates, crypto types, loan amounts, and other terms are subject to change. Loan applicants are subject to AML and KYC screening. Terms, conditions, and restrictions apply. Loans made or arranged pursuant to California Finance Lenders Law License 60DBO - 91480.

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