Maple, the leading asset manager of Onchain, has launched Syrupusd on plasma, the blockchain, aimed at payments, supported by Tether. This marks the first deployment of Maple’s flagship Dollar-Rentetoken outside Ethereum and an important milestone in the expansion of the company to $ 5 billion AUM by the end of the year.
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The new implementation enables users to deposit Syrupusdt into a pre-deposit Kluis hosted by Midas, which will open on September 16 at 9 am. Deposers will not only earn composite proceeds, but also received rewards linked to Plasmas upcoming Mainstet Launch and Token Generation Event (TGE).
Maple’s growth momentum
The expansion to Plasma follows the recent rolls of Maple on Solana and Arbitrum, while the company continues to expand its presence over several chains. Earlier this year, Maple’s SyrupusDC surpassed $ 1 billion in supply, which underlined the demand for returning stablecoins.
“This launch emphasizes our excitement about plasma and its importance as an ecosystem of payments. Plasma’s high performance and focus on USDT-on a natural coordination with Maple’s mission to deliver sustainable, high-quality dollar drive to scale.
Sid Powell, CEO of Maple
Why plasma?
Supported by Tether, Plasma is designed as a blockchain with high transit that is optimized for payments and stablecoin settlement. The focus on USDT as a core active makes it a natural fit for Maple’s Dollar return products, in which the liquidity of institutional quality with the next generation of infrastructure bridges.
As more partner integrations go live on plasma, Maple expects Extra Defi applications to use Syrupusdt as a cornerstone of liquidity.
Maple’s role in Onchain assets management
Maple, founded in 2021, combines decades of traditional financial expertise with Defi -innovation. The package of offers includes secure lending, Bitcoin yield, structured products and efficiency-bearing stablecoins, which serve both settings and retail users. With a global reach and growing reputation for institutional credibility, Maple positions itself as a pioneer of decentralized asset management.
