Crypto Lender Cred Is Offering Investors 10% Interest With Spencer Dinwiddie Partnership

Spencer Dinwiddie, the Brooklyn Nets guard who launched his own tokenization platform, has launched an interest-bearing stablecoin service in partnership with crypto lending firm Cred. There, visitors can “pledge” TrueUSD and UPUSD stablecoins as well as bitcoin (BTC), litecoin (LTC) and ether (ETH), earning up to 10 percent interest over the course of the term, according to Cred CEO Dan Schatt.

“Spencer is a fantastic spokesperson for what's happening with blockchain and bitcoin – he’s really a thought leader in the sports industry,” Schatt said. Dinwiddie will donate 26 percent of his revenue share to his charity, the Dinwiddie Family Foundation, according to Schatt.

Timeline of Libra-credit, Trueusd, Bitcoin, Ethereum, Litecoin