The Maple Finance cryptocurrency loan platform has deployed sirupusdt on plasma, a blockchain focused on payments supported by Tether, during its first major decision to extend the product beyond Ethereum.
From tomorrow, users will be able to deposit the token in a safe hosted by Midas which offers a return while distributing awards linked to the next launch and generation of plasma tokens. Future integrations with decentralized financing protocols on plasma are planned as the network is built.
“This launch underlines our excitement compared to plasma and its importance as a payment ecosystem,” said Maple CEO Sid Powell, in a press release. He added that the distribution of product -carrying dollars products through the channels is at the heart of Maple’s thrust to cultivate liquidity and reach $ 5 billion in management by the end of 2025.
Plasma is designed to quickly treat transactions while focusing on the USDT as a basic asset. For Maple, the chain infrastructure could provide a natural adjustment for products like Sirupusdt, which pack the stablescoins in the chests that generate yields.
The launch continues a year of rapid growth for Maple, which has already extended to Solana and Arbitrum. Its Sirupusdc recently crossed a billion dollars in supply, highlighting the demand for tokenized return products between blockchain ecosystems.
