Maple has spent the last few years proving that onchain institutional credit isn't just possible, but scalable.

With over $22B in loan originations across multiple market cycles, it has quietly become the leading onchain asset manager for institutional credit. Now, that engine is expanding again.

The launch of syrupUSDG isn't just another product it's Maple's first new Syrup asset in two years and a major step toward bringing institutional yield to mainstream users.

Here's why this matters:

• syrupUSDG extends Maple's proven credit strategy beyond syrupUSDC and syrupUSDT.
• It brings institutional-grade, overcollateralized lending yields to Global Dollar (USDG).
• It powers Robinhood Earn through a vault curated by Steakhouse Financial and built on Morpho's infrastructure.
• It opens Maple's credit engine to millions of fintech users instead of limiting access to crypto-native participants.

The bigger picture is even more exciting.

For years, institutional credit has been locked behind private funds and traditional financial institutions. Maple is changing that by making transparent, onchain credit strategies accessible through regulated stablecoins and consumer fintech platforms.

Every participant has a clearly defined role:

→ Maple originates and manages institutional loans.
→ Paxos issues the regulated USDG stablecoin.
→ Steakhouse Financial curates risk.
→ Morpho provides the lending infrastructure.
→ Robinhood distributes the product to millions of users.

This modular approach is exactly how institutional finance should be brought onchain.

For the Maple ecosystem, syrupUSDG creates another growth engine.

More supported assets → More TVL → More loan demand → More protocol revenue → More value flowing through the SYRUP ecosystem.

After establishing itself as the number 1 onchain asset manager for institutional credit,

The launch of syrupUSDG is another major milestone in that journey. 🌿