According to a press release issued by Libra credit, the venture “aims to deal with the growing worldwide demand for liquidity of crypto resources based on the Ethereum blockchain. ” The venture will see Libra Credit “contribute fiat along with crypto denominated resources to users who pledge BNB as security. ”
In the two days after the announcement of this venture about the 27th of July, BNB gained approximately 8.5percent over BTC – rallying from roughly 0.001675 BTC to a high of approximately 0.00182 BTC the next day. When considering the USDT charts, BNB totaled almost 11 percent from approximately 13.3 USDT to a high of 14.75 USDT on the 28th of July.