Cred: a 4-10% APY on your stablecoins. What could go wrong ?
Cred is a US-based and regulated company with, reputable partners & execs. As BlockFi, Nexo or Celsius, it uses both Fireblocks and Bitgo for insurance and custody.
Cred promises 4%-10% interest thanks to overcollateralized loans.
Sounds good and familiar, right?
Well, Cred filed for bankruptcy
