Public Mint Community Updates #12
Jul 1, 2022 | And now, for something completely different
Hello, everyone, and welcome to a slightly different Community Update. This time we won’t be sharing too many news — not because we don’t have them, rather because they’re still under wraps of secrecy 🤫. It’s quite literally the calm before the storm.
In any case, we want to keep all of you in the loop as much as possible, so here’s (mostly) what we’ve been up to:
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.
We’re not at liberty to share much more at this point — what we can say is that we’ll be working very closely with them over the next couple of months to get all the gears grinding in the right direction. And very soon, we will all be able to harvest the fruits of our labor. Wait, and you shall receive.
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:
We’ve implemented a series of bug fixes and corrected a few typos (we’re still human, after all).
We have improved many aspects relating to UI/UX, most notably:
- you’ll now be able to make USDC withdrawals;
- possibility to view wallet details with QRCode scan.
As usual, if you spot any bug or issue with your Mobile Wallet, reach out to us on our Discord server.
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.
That being said, withdrawals from EARN will resume shortly.
⚠️NOTE: we’d like to remind everyone that only the funds allocated to the EARN Program were affected by this withdrawal pause. All other operations on the Public Mint blockchain — including withdrawals — are fully operational.
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 .
The crypto landscape has seen some extremes this past month: on the downside there were some unfortunate events that ended up affecting all of us, but on the upside there are some major breakthroughs and new developments on many subjects from which we will be able to benefit. So, HODL steady and look alive, ’cause we’re bringing the goods! 😎
Thank you, and see you on the other side 🟢
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.