Public Mint’s stance on Celsius withdrawal pause
Jun 13 | Celsius pauses withdrawals, swaps and transfers between accounts. Public Mint is monitoring the situation closely.
For all of us dwelling in the cryptosphere, these truly are trying times. The current overall bearish trends, coupled with some recent less fortunate events, have seen the level of FUD being spread rise to alarming heights.
From the very beginning, Public Mint set out to build a stable environment for anyone who wishes to access the high yields of crypto, while bypassing its complexity. To that end, we’ve built and continue to expand a network of yield-generating partners, so as to provide an environment where systemic risk is mitigated.
In light of Celsius temporarily pausing all withdrawals and transfers between accounts, its participation in the EARN Program is on hold until their operations return to normal. In the meantime, any deposits into EARN will be directed towards other partners.
We remain highly vigilant of this situation and will continue to provide updates as it unfolds.
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.