Public Mint Partners with Abra to Tap Additional Source of Yield for EARN Platform
press release

Public Mint Partners with Abra to Tap Additional Source of Yield for EARN Platform

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Public Mint has abutting armament with Abra.

Public Mint and Abra Launch Partnership

Public Mint, the fiat-based blockchain and payments infrastructure, has partnered with Abra, a arch abundance administration belvedere with functionality for buying, selling, trading, and earning absorption on cryptocurrencies, to action advantageous crop opportunities on the EARN program. Public Mint will arrange a allocation of the funds allocated to the affairs to Abra, authoritative it an added antecedent of crop in the class of CeFi crypto lending partners.

The EARN program, which is slated to barrage in Q3, will booty both authorization (USD) and stablecoin (USDC) deposits and arrange them beyond a adapted set of yield-generating opportunities both in decentralized accounts protocols and added acceptable cryptocurrency lending platforms.

EARN will action awful aggressive earning ante while overextension the accident through a adapted portfolio and a arrangement of acclaimed ally – both on the balance and on the allowance side. The abstraction abaft the affairs is to accomplish these college balance calmly attainable to everyone, with or after ability of cryptocurrencies. The affiliation with Abra, a crypto avant-garde and one of the best broadly accustomed names of the industry, represents a above anniversary appear the program’s goal.

When staking USD on the EARN program, users accept the agnate bulk in USD , an earnings-bearing, absolutely aqueous constructed authorization currency. Balance accrued are broadcast to users as added USD , authoritative it simpler to clue balance than agnate solutions in DeFi, which are based on tokens with a clashing authorization barter rate.

“Abra is one of the ancient and best trusted brands in cryptocurrency, and we are aflame to be partnering with such an accustomed provider to action a acclaimed antecedent of balance to Public Mint users via the EARN program,” said Paulo Rodrigues, CEO of Public Mint. “Our action is advised to be as diversified, secure, and advantageous as possible, and partnering with Abra is addition important footfall appear that vision.”

“We were absorbed by the adaptability of Public Mint’s EARN, acceptance both crypto newbies and DeFi experts to accomplish their funds to acquire crop on the aforementioned platform,” said Bill Barhydt, architect of Abra. “Together, I’m assured we will augment the ability and address of cryptocurrency articles beyond all kinds of audiences.”

Abra is a arch provider of banking solutions for cryptocurrencies, featuring an app to transact, advance and acquire crop on cryptocurrencies and stablecoins. Established in 2024, Abra has a continued history of progressive, yet simple solutions. In accession to its retail-centric app, the aggregation additionally provides over-the-counter trading and lending solutions for institutions.

Public Mint is a complete belvedere for constructed fiat, with absolutely collateralized funds kept at a arrangement of regulated, and FDIC-insured careful partners. Public Mint offers an accessible fiat-native blockchain and APIs, accessible for anyone to body fiat-native applications and acquire acclaim cards, ACH, wire transfers, stablecoins and more. Public Mint’s EARN affairs offers users automatic and adapted crop on USD assets, leveraging the ability of DeFi.

Abra is creating a simple and honest mobile-first crypto belvedere to accredit millions of consumers to administer and abound their crypto assets easily. The Abra account empowers barter in added than 150 countries to acquire interest* on crypto assets and US dollar stablecoins alongside the adeptness to buy, sell, hold, send, and barter cryptocurrencies anywhere, anytime.

Contact [email protected] for added information.