Binance partners with crypto lending and borrowing firm Cred

Binance has teamed up with California's Cred to extend the latter's lending and borrowing program across the ecosystem, according to CoinDesk. As part of the agreement, some of Cred's native token LBA will move to Binance Chain which Binance claims will help Cred scale its product at higher and more efficient speeds. As part of the announcement, Cred disclosed its holdings of $300 million for borrowing and lending purposes.