Here's the Tweet that kicked off a Twitter thread where Synonym's CEO John Carvalho announced this as well:
Today, we at @Synonym_to, together with @Tether_to, and Holepunch (@keet_io), announced 🍐Pear Credit.
Pear Credit is a new P2P open protocol that allows anyone to issue centralized credit tokens without a blockchain, using cutting-edge Hypercore designs.
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Nitter link points to twitter
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