Public Mint aims to bridge the gap between cryptocurrency and fiat currencies, offering a fully collateralized, regulated, and FDIC-insured platform for synthetic fiat currencies.


Moreover, Public Mint provides a fiat-native blockchain, APIs, and an embeddable web widget, empowering developers to construct fiat-enabled applications accepting various payment methods like credit cards, ACH, and wire transfers. Established in 2020, Public Mint stands at the forefront of facilitating seamless fiat transactions in the digital realm.


Founders Halsey Minor, founder of CNET and Uphold, and co-founder at Salesforce, alongside Jorge Pereira, former CTO at Uphold and current CTO at Public Mint, lead the initiative. Paulo Rodrigues, former Head of a Swift bureau and CEO at a blockchain R&D center, holds the CEO position.


Public Mint's distinctive feature lies in enabling users to transact with tokens tethered to fiat currencies. Leveraging a fiat-native blockchain, individuals can deposit fiat currencies to tokenize them for future utilization on the Public Mint network, blending fiat currency stability with blockchain's accessibility, global outreach, and efficiency.


The Public Mint ecosystem operates through three layers. The multi-custodial layer involves Custodial Partners, licensed financial institutions maintaining custody over fiat funds at a 1:1 ratio with tokenized assets. Meanwhile, the blockchain layer, powered by Hyperledger Besu, functions independently of Ethereum, ensuring control over transactional logic and infrastructure management. Finally, the Smart Services layer encompasses smart contracts enhancing functionality atop the blockchain, enabling state changes akin to the Ethereum Virtual Machine (EVM), with support for contracts in any Ethereum-compatible language.


Public Mint further incentivizes liquidity providers through a liquidity rewards program, offering MINT tokens as rewards.


As of March 2021, Public Mint (MINT) has a circulating supply of 17,437,500 tokens out of a maximum supply of 250,000,000 tokens.