Maple Finance has deployed its liquid yield-bearing stablecoin, syrupUSDC, on the Solana network using Chainlink’s Cross-Chain Interoperability Protocol, introducing new capital strategies and institutional lending primitives into one of crypto’s most liquid ecosystems.

Maple’s native SYRUP token jumped 8% on the launch news, holding a market cap of nearly $420 million.

The integration allows users to mint syrupUSDC natively on Solana, utilizing the Cross-Chain Token standard to enable zero-slippage, rate-limited value transfers between Ethereum and Solana.

The launch is backed by $30 million in coordinated liquidity and $500,000 in incentive programs, with participation from Solana-native teams including Kamino, Orca, and the Global Dollar Network.

What does Maple’s move to Solana mean for the network?

Maple’s expansion builds on Solana’s recent CCIP enablement and positions syrupUSDC as a composable collateral asset that can support leveraged trading, looping strategies, and permissionless credit.

According to Chainlink Labs, the introduction of CCIP to Solana in mid-May marked a milestone for cross-chain infrastructure.

The protocol provides audited smart execution and customizable rate limits designed to withstand network volatility and avoid slippage. These features are aligned with Maple’s institutional risk posture, which emphasizes transparency and operational resilience across lending markets.

syrupUSDC will be integrated into Kamino and Orca at launch, facilitating lending and borrowing for both institutional and DeFi-native participants.

The Global Dollar Network’s USDG will act as a key supply asset. With over $10 billion in stablecoins on Solana, the network offers an addressable market for stable-yield assets like syrupUSDC, now accessible via fast settlement and composable DeFi infrastructure.

As Maple CEO Sid Powell stated in the launch materials, Solana’s high-throughput environment expands Maple’s access to institutional and advanced DeFi users, reinforcing a multichain strategy focused on high-capacity networks.

The deployment brings new tools for capital efficiency to a network that has prioritized scale and speed, and reflects broader efforts to establish Solana as a hub for non-custodial credit and on-chain structured products.

Since its inception in 2021, Maple has originated over $7 billion in loans and currently manages more than $1.7 billion in assets. The protocol launched syrupUSDC in 2024 as a permissionless, liquid stablecoin optimized for yield strategies and supported by Maple’s suite of structured and staking products.

Stable yield assets

Through the CCIP integration, syrupUSDC can now flow seamlessly across chains while maintaining the composability required for automated yield and collateral systems.

Chainlink’s CCT implementation removes the need for contract modifications to enable native cross-chain movement. This design allows for more secure minting and redemption while reducing reliance on wrapped assets and legacy bridging architectures.

It also supports granular control over transfer limits, which Maple has historically used to minimize risk in volatile market conditions.

Maple’s choice to re-enter the Solana ecosystem through CCIP follows a paused pilot from 2022 and reflects renewed confidence in cross-chain standards and decentralized infrastructure maturity.

The deployment contributes to a growing suite of institution-focused tools on Solana and aims to enhance its appeal as a destination for permissionless credit.

The syrupUSDC launch marks a continuation of Maple’s expansion into high-liquidity blockchain environments and affirms its thesis around multichain interoperability and yield-bearing stable assets.

With early liquidity and partner support already secured, the integration adds a key DeFi building block to Solana’s evolving market structure.

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Core Foundation, the creator of a yield-bearing bitcoin token, has partnered with institutional lending protocol Maple Finance and custody firms BitGo, Copper and Hex Trust to push deep into the BTC staking sector.

Core’s IstBTC token lets institutional participants earn yield on bitcoin holdings while staying safely inside trusted custodial partners without the need to take on the risks or operational burdens of dealing with smart contracts. A liquid staking token, to be issued in the coming months by Maple, will allow staked BTC to be used by trading firms and asset managers as collateral for borrowing in DeFi or with trading counterparties.

The ability to earn yield on bitcoin and potentially unleash a new wave of liquidity into the DeFi ecosystem has become a hot topic, with protocols like Babylon having entered the market. A massive, untapped group of BTC holders will be able to get yield on their BTC thanks to Core’s dual-staking mechanism, said Maple CEO Sid Powell.

“Bitcoin’s security budget will face problems in a few years as miners receive less block rewards revenue,” Powell said in an interview. “Staking solutions like CORE can help strengthen Bitcoin network security by giving alternative revenue sources to miners. Holders of lstBTC will benefit from this by earning yield on their BTC while in custody, which represents an immense total addressable market.”

Maple launched an existing BTC staking product on CORE this month. This product involves locking up BTC for 90 days and has a yield target of 5%-plus APY. The liquid staking token BTC (lstBTC) will be instantly redeemable, offering better liquidity. Therefore, Maple expects a slightly lower APR range.

Powell said Core is placing itself in an excellent competitive position, as things are in place to be first to market with a yield-bearing BTC liquid staking token.

“There are few BTC yield options out there. If you look across the stack, most of them are just points and they’re not liquid yet or delivering yield in BTC.
Read more: Staking Will Define Bitcoin’s Role in the Global Digital Economy in 2025