Maple brings syrupUSDT to Plasma, boosting liquidity and advancing its roadmap toward US$5 billion in AUM by year-end.
On-chain asset manager Maple has launched syrupUSDT on Plasma, the new payments-focused blockchain backed by Tether. The move marks the first deployment of syrupUSDT beyond Ethereum, broadening Maple’s footprint across ecosystems while strengthening Plasma’s liquidity base.
Users can deposit syrupUSDT into a vault hosted by Midas, earning yield alongside rewards for Plasma’s upcoming mainnet launch and token generation event (TGE).
“This launch underscores our excitement over Plasma and its importance as a payments ecosystem,” said Sid Powell, CEO of Maple.
“Plasma’s high performance and focus on USDT align naturally with Maple’s mission to deliver sustainable, curated, and high-quality dollar yield at scale. We believe this deployment will strengthen liquidity across the ecosystem while advancing Maple’s goal of reaching US$5 billion in AUM this year.”
The pre-deposit vault will go live later at 9am ET on September 16, with further DeFi integrations expected as partner deployments expand on Plasma.
Stay updated on the crypto space by following our socials
