KB Topic Uphold

Crypto Payments Startup Uphold Launches Lending Products
Digital payments startup Uphold is launching new lending and earning products in partnership with crypto lending platform Cred. Uphold Earn and Uphold Borrow, announced Monday, are designed to help customers earn interest from stablecoin holdings and borrow money against the cryptocurrencies they own, respectively. The company's new Earn product will allow customers to earn interest on Universal Dollar holdings. The Universal Dollar, announced earlier this month, is a dollar-backed stablecoin released by Uphold and a number of other startups. The dollar holdings backing the stablecoin at a 1:1 ratio are stored in Federal Deposit Insurance Corporation-insured bank accounts.

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