Public Mint Launches, Announces 200 Banks Are On Board
Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications.
Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development.
The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks.
Public Mint claims to have already partnered with a network of more than 200 banks to hold the funds backing its fiat token network. Their site does not provide further details on banking partners, although Hyperledger and IBM Digital Asset Labs are named in the announcement as supporters.
Readmore: https://cointelegraph.com/news/public-mint-launches-announces-200-banks-are-on-board