Public Mint Partners with Celsius as CeFi Provider for EARN App
[PRESS RELEASE – San Francisco, California, 5th October 2021]
Public Mint, the provider of an Ethereum-compatible fiat-native blockchain and payments infrastructure aiming to bridge the gap between fiat and crypto, has partnered with Celsius, the leading platform for lending and earning yield on cryptocurrency. The collaboration will involve a deep integration between Celsius and the Public Mint EARN platform, an all-in-one fintech solution designed to take crypto-level high-yield earnings to the masses.
Public Mint is designed to bridge the gap between traditional and crypto economies and bring the benefits of blockchain to the fiat realm. The EARN program is the first app to run on the network. It combines the lucrative yield opportunities powered by decentralized finance (DeFi) and the reputable CeFi providers, of which Celsius is a pioneer and one of the global leaders. The solution then wraps the complex landscape of multiple protocols into one, familiar platform offering the highest yields to users who may not be crypto-savvy.
Core to the EARN program is USD+, a liquid earnings-bearing synthetic currency that can be redeemed for USD, held for yield, and freely transacted across the Public Mint blockchain. The instrument is accessible to both fiat USD and Ethereum users through Public Mint’s bridge via USDC, the leading regulated stablecoin. The partnership with Celsius is the key step to a successful implementation of the Earn platform, allowing Public Mint to make its promise of simple, safe yield a reality.
“We are honored to be working with Celsius to bring the untapped crypto yields to the masses,” said Jorge Pereira, co-founder and CTO of Public Mint. ”In our presentations, we picked Celsius as the example of a major lending partner for EARN, because we’ve always believed Celsius is the most reputable and successful crypto lending provider. Turning that example into a real partnership makes me incredibly excited about Public Mint’s future.”
Celsius is a pioneer in the crypto lending space, and one of the first to truly push for democratizing this new financial system. Over the years, they’ve proven their resilience and built a solid reputation of fairness and openness – not to mention some of the best returns in the CeFi space. This partnership cements our shared vision for a more accessible and transparent economy – one that benefits everyone.
“We are excited to be partnering with Public Mint to advance the promise of blockchain-based finance,” said Camilla Churcher, Head of Business Development at Celsius. “The old financial system is a relic of a bygone era, and rebuilding it on blockchain infrastructure is the mission of both our companies.”
The EARN solution will be integrated into the Public Mint app, currently available on the Web and soon on Android and iOS. For Public Mint users, EARN will look exactly like any other traditional fintech app, as it does not introduce industry-specific terms. In the backend, Public Mint is fully blockchain-powered and uses the technology to offer seamless and instant payments, as well as incredibly lucrative yield opportunities.
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.
About Celsius
Celsius helps hundreds of thousands of consumers worldwide to find the path towards financial independence through a compounding yield service and instant low-cost loans accessible via a web and mobile app. Built on the belief that financial services should only do what is in the best interest of the customers and community, Celsius is a blockchain-based fee-free platform where membership provides access to curated financial services that are not available through traditional financial institutions.
OhNoRipple via https://www.ohnocrypto.com/ @Press Release, @Khareem Sudlow