Overview
- Maple’s syrupUSDT will go live on Aave’s Plasma instance first, with syrupUSDC slated to follow on the core market.
- syrupUSDT and syrupUSDC are tokenized, yield-bearing stablecoins backed by institutional loans and described by Maple as overcollateralized.
- The companies say the collaboration is designed to boost Aave’s liquidity and open access to Maple’s network of institutional borrowers.
- Aave’s lending markets, reported at over $40 billion in TVL, will gain new collateral types as Maple brings in assets tied to billions in deployable capital.
- Both firms said additional Maple assets will be integrated after the initial launches to expand on-chain exposure to institutional credit.