Maple Brings Its Onchain Credit Engine to Robinhood Chain with syrupUSDG

Maple Brings Its Onchain Credit Engine to Robinhood Chain with syrupUSDG

Steakhouse Financial approved Maple's syrupUSDG as collateral for the vault used in Robinhood Earn, the first decentralized lending product available within the Robinhood app.

Maple, an onchain asset manager, today announced the launch of syrupUSDG on Robinhood Chain, a new Syrup asset that brings Maple's institutional credit strategies to Global Dollar (USDG), the regulated stablecoin issued by Paxos, on behalf of Global Dollar Network. Maple has originated more than $22 billion in loans since 2022, across multiple market cycles.

As part of the launch, Steakhouse Financial, the product’s risk curator, approved Maple's syrupUSDG as collateral for the vault used in Robinhood Earn, a decentralized lending product available within the Robinhood app.

syrupUSDG marks an important step in expanding Maple's reach into mainstream fintech distribution and across new onchain distribution channels. Institutional credit has historically sat behind institutional walls; syrupUSDG is designed to bring it within reach of fintech platforms and their customers. The launch also brings Maple's credit infrastructure into the broader Global Dollar Network ecosystem.