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• Public Mint hopes to provide users a chance to link with Ethereum’s DeFi sector and other possible networks where USDC is supported.
• USDC is the largest stablecoin provider with over $23 billion in circulation across blockchains like Ethereum, Solana, Algorand, and Stellar.
• The USDC integration allows both crypto users and investment funds to gain access to the premiere Public Mint program, EARN.
Public Mint declared that it would be integrating Circle’s USD Coin (USDC) into its blockchain. Public mint is a blockchain company that offers users a simple gateway to DeFi opportunities without the need for prior bank accounts. The Public Mint platform is fully regulated by FDIC-insured institutions and collateralized for synthetic fiats. It openly offers APIs and native blockchains for everyone who wants to build applications on top of them. Credit cards, ACH, wire transfers, stablecoins are accepted for payments. Public Mint’s EARN platform allows users to leverage the DeFi sector and earn on USD assets.
USDC is the Fastest Growing Stablecoin in the Market
On the other hand, Circle is a blockchain company that looks after payment infrastructures and public blockchain for payment, commerce, and so on. As of now, Circle’s has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. Circle is also the sole developer of USD Coin (USDC). Along with Coinbase and the Centre Consortium, USDC has become one of the fastest-growing and the most popular stablecoin in the digital currency market. The stablecoin has supported USDC for more than 22 billion and has funded over $615 billion in transactions over the past year.
What the Collaboration Brings out for Both Public Mint and Circle?
By integrating the leading stablecoin to their platform, Public Mint hopes to provide users a chance to link with Ethereum’s DeFi sector and other possible networks where USDC is supported. This collaboration enables the customers to deposit from USDC and withdraw to USDC through APIs and allows easy transfer of liquidity from the Public Mint platform to Ethereum. This new feature will be added to the Public Mint wallet soon and will be available to the customers in a very short time. Moreover, this new functionality will enable both end-users and institutional/DeFi-native players to have the key to Public Mint’s EARN program.
For non-crypto users, the Public Mint platform is still lucrative. It gives them a perfect opportunity to start their seamless cryptocurrency journey utilizing several DeFi yield farming and income opportunities. The USDC integration allows both crypto users and investment funds to gain access to the premiere Public Mint program, EARN. The program offers the highest of gains to the users while scattering the risk across multiple sources. Paulo Rodrigues, CEO of Public Mint, says that collaborating with USDC is a significant step forward in the Public Mint roadmap, and they were extremely satisfied to have closed the deal with USDC.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
