## What Is Public Mint (MINT)?

Public Mint’s primary goal is to bridge the gap between crypto and [fiat](https://coinmarketcap.com/alexandria/glossary/fiat) currencies. It offers a fully collateralized, regulated and FDIC-insured platform for synthetic fiat currencies.

Public Mint also offers a fiat-native blockchain, APIs and an embeddable web widget. It allows developers to build fiat-enabled applications that accept credit cards, ACH, wire transfers and more. Public Mint launched in 2020.


### Who Are the Founders of Public Mint?

The founders of Public Mint are Halsey Minor, founder of CNET and Uphold and co-founder at Salesforce, and Jorge Pereira, former CTO at Uphold and current CTO at Public Mint. The company’s CEO is Paulo Rodrigues, former Head of a Swift bureau and CEO at a blockchain R&D center


#### What Makes Public Mint Unique?

Public Mint allows users to transact with tokens pegged to fiat currencies. The platform offers a fiat-native blockchain where users can deposit fiat currencies to tokenize them for later use on the Public Mint network. It combines the price stability of fiat currencies and blockchain’s 24/7 accessibility, global reach and efficiency.

The Public Mint blockchain connects two distinct off-chain and on-chain domains. Users can operate each of the domains with different scopes, requirements and limitations. 

At the network level, Public Mint combines a traditional client-server model with an Ethereum-compatible blockchain. The system connects with custodial partners and KYC providers to ensure compliance with beneficial regulations. The platform makes sure that the minting and burning of on-chain tokenized fiat assets corresponds to the respective changes in funds held in the custodial layer.

The Public Mint ecosystem consists of three layers. The multi-custodial layer is represented by Custodial Partners — licensed financial institutions that hold custody over fiat funds at a 1:1 ratio to the tokenized assets.

The blockchain layer, based on Hyperledger Besu, is an enterprise-grade Ethereum ([ETH](https://coinmarketcap.com/currencies/ethereum/)) client.  However, the Public Mint platform is independent of Ethereum, as it controls its own transactional logic and the deployment and maintenance of blockchain infrastructure.

The Smart Services layer comprises the smart contracts that add functionality on top of the blockchain foundation. Public Mint handles state changes similarly to the Ethereum Virtual Machine ([EVM](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm)). Smart contracts can be written in any Ethereum-compatible language.

Public Mint also has a liquidity rewards program, allowing liquidity providers to earn MINT tokens.


#### Related Pages:

Learn more about [Litecoin](https://coinmarketcap.com/currencies/litecoin/).

Learn more about [Uniswap](https://coinmarketcap.com/currencies/uniswap/).

Learn how to mine Bitcoin on [CMC Alexandria](https://coinmarketcap.com/alexandria/article/how-to-mine-bitcoin).

Learn more about cryptocurrencies on the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Public Mint (MINT) Coins Are There in Circulation?

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


### How Is the Public Mint Network Secured?

Public Mint has its own blockchain that uses a proof-of-authority ([PoA](https://coinmarketcap.com/alexandria/glossary/proof-of-authority-poa#:~:text=Proof%2Dof%2Dauthority%20(PoA)%20is%20an%20alternative%20consensus,with%20identity%20as%20a%20stake.)) consensus mechanism to enable fast and cheap transactions.


### Where Can You Buy Public Mint (MINT)?

You can trade Public Mint (MINT) on the following exchanges:



*   [Uniswap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/)
*   [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/)
*   [1inch Exchange](https://coinmarketcap.com/exchanges/1inch-exchange/)

Read our [comprehensive guide](https://coinmarketcap.com/how-to-buy-bitcoin/) on how to buy Bitcoin and other cryptocurrencies.


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