$USDC Maple Finance, a DeFi institution-focused platform, has launched its yield-generating stablecoin, syrupUSDC, on Solana — its first major departure from Ethereum.

Backed by $30 million of initial liquidity and $500,000 of user incentives, the launch provides fixed returns of ~6.5% to institutions and advanced traders, and positions Solana squarely as a serious contender as a formidable rival to Ethereum's $61 billion DeFi dominance.

syrupUSDC, a wrapped USDC of Circle, generates yield on the aggregation of deposits into Maple's institutional lending markets. The token is natively native on Solana via Chainlink's Cross-Chain Interoperability Protocol (CCIP), facilitating secure, low-cost transfers between Ethereum and