Crypto-based lending and borrowing platform Cred is partnering with professional basketball role player and entrepreneur Spencer Dinwiddie. A special page has been launched since March 20 for Dinwiddie's fans to utilise Cred.

The platform lets users earn interest on stablecoins and other crypto assets, with the company advertising a x% annual involvement charge per unit. Lending is too possible by collateralizing the user'southward crypto assets.

The partnership targets Dinwiddie's fans to let them earn involvement on their stablecoins. Commenting on the announcement, he said:

"This partnership comes at a disquisitional time, where I tin brainwash my fans on the power of cryptocurrencies and blockchain while they earn involvement on their digital avails."

Cred spokesmen emphasized to Cointelegraph that using a partner page is the only fashion of accessing the platform without a concierge.

According to its website, the funds are used to "lend and transact with a variety of customers, including retail borrowers and money managers with well-established rail records."

The highest interest rates currently offered on Dinwiddie'south dashboard are 6% on Bitcoin (BTC) and viii% on TUSD, if not using Cred's LBA token. The platform requires locking the avails up for at to the lowest degree 6 months, though the interest payments are monthly and are delivered either in fiat or cryptocurrency.

Part of the revenue from the initiative volition exist donated to the Dinwiddie Family Foundation, which provides college scholarships to disadvantaged and at-risk youth.

An unlikely duo, or and then it would seem

While Dinwiddie's fame comes from his basketball game career, the self-styled "Tech guy with a jumper" has already been strongly involved with blockchain.

As Cointelegraph reported in September 2022, he appear the launch of Dream Fan Shares, a tokenization project based on Ethereum. The project seeks to launch "Professional Athlete Investment Tokens," which give accredited investors the ability to purchase securities tied to the fiscal success of the athlete.

The projection's first security should have been Dinwiddie'due south contract. The NBA did not approve the transaction, however, and it is unclear if the initiative has moved forward since. The website offers no data on that account.

Looking at Dinwiddie's Twitter feed, the athlete'south sympathy toward the blockchain and crypto earth seems articulate.

One tweet in item focuses on what he believes to be structural issues in the earth economic system, where the total corporeality of debt exceeds the amount of wealth. He also recently retweeted Anthony Pompliano and Erik Voorhees, both known for their enthusiasm for Bitcoin (BTC) and crypto.

The partnership with Cred, which may seem foreign at offset, appears to be a reasonable venture for the NBA player.