Public Mint Community Updates #13
Aug 5, 2022 | EARN program back on track; USDC rails to and from other networks live, and more
The Sunday of Summer is upon us, and as everyone suits up for a deserved beachy holiday, let’s look back at what Public Mint was up to this last month.
Public Mint EARN back on track
After a month-long hiatus, the EARN Program is just about ready to resume standard operations. It will be reactivated with the launch of the Public Mint’s mobile application newest build.
There will be some caveats, though, that only apply to the funds directly affected by the Celsius situation. All assets assigned to Celsius are now, for all intents and purposes, frozen. They are not locked, nor lost — they are temporarily inaccessible, so they cannot be withdrawn or moved and are not bearing yield. From the moment the company’s collapse was made public, we have not allocated any more funds to Celsius, and have ceased our collaboration with them. All other funds allocated to Public Mint EARN will be fully available.
The latest version of the app is currently undergoing the last steps for validation from Google Play and the Apple App Store, and should be available by the beginning of next week.
For more info on EARN reactivation and future plans, check out the full article.
USDC from other chains
In an effort to expand Public Mint’s connectivity and facilitate network access (as well as aiming to bypass rocketing ETH fees), Public Mint supports Circle’s USDC to and from several different networks.
Here’s the full list of stablecoin blockchains supported by Public Mint (new additions in bold):
- Ethereum (ETH)
- Algorand (ALGO)
- Avalanche (AVAX)
- Solana (SOL)
- TRON (TRX)
- Stellar (XLM)
The long-term goal is to open up rails for even more stablecoins and networks, and the groundwork for this to happen is already happening. More on this subject as soon as we have new developments.
Public Mint as a crypto ramp
Here’s a thought provoking proposition: Public Mint is the perfect ramp in and out of the cryptoverse.
Why? Well, in a nutshell, a fully compliant, safety driven, fiat-native blockchain lends itself perfectly to fulfilling the role of crypto gatekeeper.
Curious? Learn more in our Medium article.
Getting into crypto is hard has never been easier!
Confused about how to top up, withdraw, send money or add funds to your EARN account? Don’t fret, these handy video tutorials will clear all your doubts and help you navigate the Public Mint ecosystem.
If you want to dig deeper, hop on to the full Medium article.
That’s it for July! Now go out and enjoy the sunshine, and we will be back shortly with some juicy good news.
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.