Public Mint is a fintech company that has built a secure and fast blockchain platform that runs on US dollars. Their mission is to bring the advantages of blockchain to everyone on an integrated platform that allows fiat money to be moved and programmed like cryptocurrency. With offices in the US, UK, and Europe, Public Mint's team comprises industry veterans with experience in fintech, traditional finance, and blockchain technology.
Public Mint approached Yarilabs with the challenge of developing a new permissioned blockchain protocol compatible with Ethereum and the Ethereum Virtual Machine (EVM). One of the project's requirements was that Gas fees use the native token (and not Ether). This new protocol needed to be fully compatible with Ethereum, capable of running smart contracts, but would run on a native token called USDP, which is a stable token. This complex project involved various components such as blockchain protocol clients and validators, crypto wallets, a Blockchain explorer, different middleware APIs and a custodial layer to integrate with banking services.
Public Mint hired Yarilabs to join a multidisciplinary team composed of Public Mint and another agency with know-how in blockchain protocols. The initial phase was to help with the research and development of the protocol and the smart contracts required. Our team helped to research multiple open-source protocols that could conform to requirements.
The team chose Hyperledger Besu. The project was forked and adjusted to accommodate the requirements. We've participated in developing the blockchain protocol layer and the smart contracts layer to support the USDC stable token. Our team implemented the initial integration with financial institutions that provided the custodial layer and microservices architecture.
We've also adapted an open-source blockchain explorer for Public Mint.
During the initial MVP phase, our team played an essential role in technical project management, ensuring the smooth coordination and execution of the MVP project and handover to Public Mint.
Our partnership with Public Mint has been a true success. We've had the privilege of working closely with their team of industry veterans to develop and launch a new blockchain protocol that is fully compatible with Ethereum and the Ethereum Virtual Machine (EVM) that runs on a stable token. The new protocol provides a secure and fast platform for the movement and programming of fiat money.
Through our work on the project, we helped Public Mint research and develop a new blockchain protocol and launch its MVP successfully, and our team played an essential role in various project areas:
Our experience in technical project management also helped ensure the smooth coordination and execution of the project in its initial phase.
Our collaboration with Public Mint was so successful that our team continues to provide ongoing consulting and custom software development services to Public Mint with maintenance and to help meet the evolving needs of their business.
We are privileged to be a part of Public Mint's growth and success and look forward to continuing our partnership for many years.
Our partnership with Public Mint has been a true success. We've had the privilege of working closely with their team of industry veterans to develop and launch a new blockchain protocol that is fully compatible with Ethereum and the Ethereum Virtual Machine (EVM) that runs on a stable token. The new protocol provides a secure and fast platform for the movement and programming of fiat money.
Through our work on the project, we helped Public Mint research and develop a new blockchain protocol and launch its MVP successfully, and our team played an essential role in various project areas:
Our experience in technical project management also helped ensure the smooth coordination and execution of the project in its initial phase.
Our collaboration with Public Mint was so successful that our team continues to provide ongoing consulting and custom software development services to Public Mint with maintenance and to help meet the evolving needs of their business.
We are privileged to be a part of Public Mint's growth and success and look forward to continuing our partnership for many years.
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