Maple Finance expands to Solana, deploys yield-bearing stablecoin

Maple’s expansion to Solana is powered by Chainlink’s CCIP, which allows data transfer between EVM and SVM ecosystems.

Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users.

According to a June 5 announcement shared with Cointelegraph, the company is deploying its syrupUSD yield-bearing stablecoin to Solana-based platforms Kamino and Orca. The coin had previously been available only on the Ethereum blockchain.

Maple’s Solana integration is launching with $30 million in liquidity, which the company says will establish “a deep and stable foundation for lending, trading, and collateral provisioning” in the ecosystem.

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