On-chain lending protocol for institutions, Maple Finance (SYRUP), announced via its official website that it has launched syrupUSDG on Robinhood's layer-2 blockchain, Robinhood Chain. syrupUSDG is an interest-bearing token based on the USDG stablecoin that reflects interest income generated from overcollateralized loans for institutions utilizing Maple. By simply holding syrupUSDG, users gain the effect of indirectly investing in Maple's institutional credit strategies. Furthermore, syrupUSDG is also a new Syrup asset launched by Maple after approximately two years. According to CoinMarketCap, SYRUP is currently trading at $0.1575, up 5.38%.
