Public Mint, a fiat-based blockchain and payments infrastructure company, announced Thursday morning a new partnership with Abra, a leading wealth management platform Abra. As part of the agreement, the two entities will offer an additional revenue source for the EARN platform, according to a press release obtained by Invezz.
EARN program generates profit on fiat and stablecoin deposits
Set to launch in the third quarter of this year, the EARN program will take US dollars and USDC (USDC/USD) deposits and deploy them to increase earnings, both in more conventional crypto lending platforms and DeFi protocols. Public Mint will use part of the funds allocated to the EARN program to the Abra platform.
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EARN spreads risk through a reputable partner network and a diversified portfolio and offers very competitive earning rates. The goal is for laymen in the field to be able to access higher earnings easily. Abra is a pioneer in the crypto market, so the partnership represents a major milestone towards the goal of the program.
Easy to track earnings
Users that stake USD on the EARN program will receive the corresponding amount in USD+ which is a fully liquid, earnings bearing, synthetic fiat currency. Any profit gained is distributed as additional USD+, making it easy to track earnings compared to similar solutions in DeFi. Abra founder Bill Barhydt stated they were intrigued by the flexibility of Public Mint’s EARN, which made it possible for DeFi experts and crypto newbies alike to make money on the same platform. He added:
Together, I’m confident we will broaden the reach and appeal of cryptocurrency products across all kinds of audiences.
Paulo Rodrigues, CEO of Public Mint, commented:
Abra is one of the earliest and most trusted brands in cryptocurrency, and we are excited to be partnering with such an established provider to offer a reputable source of earnings to Public Mint users via the EARN program. Our strategy is designed to be as diversified, secure and lucrative as possible, and partnering with Abra is another important step towards that vision.
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