Crypto Lender Maple Expands to Tether-Backed Plasma

CN
coindesk
Follow
3 hours ago


Cryptocurrency lending platform Maple Finance has deployed syrupUSDT on Plasma, a payments-focused blockchain backed by Tether, in its first major move to expand the product beyond Ethereum.

Starting tomorrow, users will be able to deposit the token into a Midas-hosted vault that offers yield while distributing rewards tied to Plasma’s upcoming mainnet launch and token generation event. Future integrations with decentralized finance protocols on Plasma are planned as the network builds out.

“This launch underscores our excitement over Plasma and its importance as a payments ecosystem,” Maple CEO Sid Powell said in a statement. He added that distributing yield-bearing dollar products across chains is central to Maple’s push to grow liquidity and hit $5 billion in assets under management by the end of 2025.

Plasma is designed to process transactions quickly while focusing on USDT as its base asset. For Maple, the chain’s infrastructure could provide a natural fit for products like syrupUSDT, which package stablecoins into vaults that generate returns.

The launch continues a year of rapid growth for Maple, which has already expanded to Solana and Arbitrum. Its syrupUSDC recently crossed $1 billion in supply, underscoring the demand for tokenized yield products across blockchain ecosystems.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

注册送$10,000,零门槛赢20,000GT!
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink