By
Temitope Olatunji
February 2nd, 2024
The fintech solution will seek to create a simple familiar platform offering the highest yields to users or newbies who may not be used to the complex and numerous protocols out there.
Public Mint, an open blockchain platform has partnered with Celsius, lending and earn yield on crypto platform, to integrate the Celsius network and the Public Mint EARN platform, creating an all-in-one fintech solution that aims to take crypto-level high-yield earnings to the masses.
Public Mint, according to its team is designed to bridge the gap between traditional and crypto economies. The platform is an open blockchain infused with an API platform that provides an Ethereum-compatible fiat-native blockchain and payments infrastructure to fill the vast space between fiat and crypto worlds by bringing the numerous benefits of blockchain to the fiat world.
The platform, in a nutshell, allows fiat money to get all the benefits of a cryptocurrency, excluding the issues associated with cryptocurrencies including volatility and complexity.
The EARN program is the first app to run on the Public Mint network and consolidates the lucrative yield openings powered by decentralized money (DeFi) and CeFi providers, of which Celsius is a household name and one of the worldwide leaders. The fintech solution will seek to create a simple familiar platform offering the highest yields to users or newbies who may not be used to the complex and numerous protocols out there.
“We are honored to be working with Celsius to bring the untapped crypto yields to the masses,” Jorge Pereira, co-founder, and CTO of Public Mint stated after the announcement. “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,” he said.
Jorge Pereira added that Celsius is a pioneer in the crypto lending space with a very strong reputation of openness and fairness, and also one of the very few to truly push for democratizing this new financial system. “This partnership cements our shared vision for a more accessible and transparent economy, one that benefits everyone,” Pereira stated.
The USD+, a “liquid earnings-bearing synthetic currency” that can be held for yield, as well as redeemed for USD and freely transacted across the Public Mint blockchain, is the Key to the EARN program according to Public Mint. The latest collaboration with Celsius builds upon the process of a successful implementation of the Earn platform, which will allow Public Mint to deliver a simple, safe yield a reality.
Camilla Churcher, Head of Business Development at Celsius expressed the firm’s excitement to be partnering with Public Mint to advance the promise of blockchain-based finance. “The old financial system is a relic of a bygone era, and rebuilding it on blockchain infrastructure is the mission of both our companies,” she stated.