Public Mint
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Public Mint

Public Mint Community Updates #12

Jul 1, 2022 | And now, for something completely different

Corporate use cases for Public Mint

Over the last few weeks, a number of organizations have approached us with the intent of using Public Mint’s fiat-native blockchain and the EARN Program as a platform for their own solutions.

App update

We are thrilled with our brand new, shiny app. But, as it should be, there’s always room for improvement. A minor update has already been sent for approval on Google Play and the Apple App Store, and is about to see the light of day. Here’s what you can expect:

  • possibility to view wallet details with QRCode scan.

Resuming withdrawals on EARN

Let’s not be coy about it: the Celsius situation caught all of us off guard. There is a silver lining, though: it serves as a practical case scenario to prove the ability of the EARN program to diminish risk, by spreading assets across an assortment of partners. That said, it became painfully obvious that we had to move up a gear and find more partners to include in the EARN program. We can now share that due diligences are done, and we’re now on the fast track to onboarding new collateralization partners. Further updates as the situation develops.

Bridging assets on other chains

This is a big one. And, boy, are we glad to announce that we are about to enable bridges between Public Mint and multiple other blockchains. By doing this, we’ll open the door to different kinds of platforms (such as DEXes and Borrowing/Lending protocols) to interact directly with the USD stored on chain. It will also allow any asset deployed in our network, including the MINT token, to be bridged to external blockchains. This is scheduled to be rolled out over the next month or two, so keep your eyes peeled .

About Public Mint

Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, ACH, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.

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