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Crypto Lender Maple Finance Expands to Solana With Chainlink
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Ian Allison
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By Ian Allison|Edited by Sheldon Reback
Jun 5, 2025, 3:38 p.m.
- Maple’s token, syrupUSDC, will be accessible on Solana-native platforms including Kamino and Orca.
- Robinhood-backed stablecoin consortium, the Global Dollar Network (GDN), is also supporting the launch
Maple Finance, a cryptocurrency lending firm offering decentralized finance-like (DeFi) yields to institutions, has expanded into the Solana ecosystem with the help of Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
To support the expansion, Maple’s ecosystem has allocated $500,000 in incentives and coordinated over $30 million in liquidity, establishing a deep and stable foundation for lending, trading and collateral provisioning on the Solana blockchain.
STORY CONTINUES BELOW
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There’s more than $10 billion in stablecoins circulating on Solana, making it one of the most liquid ecosystems in crypto and a growing hub for institutional DeFi.
Maple’s token, syrupUSDC, will be accessible on Solana-native platforms including Kamino and Orca. Robinhood-backed stablecoin consortium the Global Dollar Network (GDN) is also supporting the launch with USDG being a key supply asset into the market, according to a press release.
“Expanding to Solana unlocks a high-speed, high-capacity environment where Maple’s products can reach a broader class of users — from institutions to advanced DeFi participants,” said Sid Powell, CEO and Co-Founder of Maple. “With syrupUSDC now native to Solana, we’re delivering yield, capital efficiency and liquidity to one of the largest stablecoin ecosystems in crypto.”
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
