Maple 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. 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.

syrupUSDG is designed to bring institutional credit within reach of fintech platforms and their customers. The launch also brings Maple's credit infrastructure into the broader Global Dollar Network ecosystem. syrupUSDG follows Maple's existing Syrup asset model, including syrupUSDC and syrupUSDT.

Syrup assets provide exposure to Maple-originated lending strategies. Maple lends to institutions, with loans secured by collateral valued at more than the loan itself, and the interest those borrowers pay is the source of returns. Maple is the credit engine supporting the strategy, origination, risk management, and transparency reporting.

USDG is part of Global Dollar Network, whose partners include Kraken, OKX, Robinhood, Mastercard and over 130 other financial services and fintech companies. By pairing USDG, a regulated, dollar-backed stablecoin issued by Paxos on behalf of GDN, with Maple's credit infrastructure, syrupUSDG creates a new way for platforms and eligible users to access onchain credit strategies tied to USDG. syrupUSDG is designed for onchain transparency.

Loan, allocation, and collateral information supporting the strategy is designed to be verifiable onchain through Maple's Proof of Reserves. syrupUSDG is available on Ethereum and Robinhood Chain, with additional chains planned. Robinhood is making access available to customers in phases over the coming weeks.

Other eligible fintechs and platforms may also integrate syrupUSDG to offer customers access to Maple's USDG-based credit strategy. Information about the loans and relevant collateral is viewable onchain.