Maple Finance, a cryptocurrency lending firm offering decentralized finance-like (DeFi) yields to institutions, has expanded into the Solana ecosystem with the help of Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
To support the expansion, Maple’s ecosystem has allocated $500,000 in incentives and coordinated over $30 million in liquidity, establishing a deep and stable foundation for lending, trading and collateral provisioning on the Solana blockchain.
There’s more than $10 billion in stablecoins circulating on Solana, making it one of the most liquid ecosystems in crypto and a growing hub for institutional DeFi.
Maple’s token, syrupUSDC, will be accessible on Solana-native platforms including Kamino and Orca. Robinhood-backed stablecoin consortium the Global Dollar Network (GDN) is also supporting the launch with USDG being a key supply asset into the market, according to a press release.
“Expanding to Solana unlocks a high-speed, high-capacity environment where Maple’s products can reach a broader class of users — from institutions to advanced DeFi participants,” said Sid Powell, CEO and Co-Founder of Maple. “With syrupUSDC now native to Solana, we're delivering yield, capital efficiency and liquidity to one of the largest stablecoin ecosystems in crypto.”
Bitcoin’s Q-Day fears are overhyped and could create a once-in-a-lifetime buying opportunity, popular Bitcoin analyst…
Could a bursting artificial intelligence (AI) bubble set the stage for Bitcoin’s next parabolic rally?…
XRP is edging deeper into Wall Street as Ripple and America’s oldest bank, BNY Mellon,…
PrimeXBT, a global multi-asset broker and crypto asset service provider, has announced a major expansion…
Mirae Asset Securities (HK) Limited, the Hong Kong subsidiary of Korea’s leading securities firm, has…
Ripple has scored a major regulatory victory in the United States after securing final approval…