On-chain lending protocol for institutions, Plutus Finance (SYRUP), announced through 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, reflecting interest income generated from overcollateralized loans for institutions utilized by Maple. By simply holding syrupUSDG, users gain the effect of indirectly investing in Maple's institutional credit strategy. Additionally, syrupUSDG is a new Syrup asset launched by Maple in approximately two years. According to CoinMarketCap, SYRUP is currently trading at $0.1575, up 5.38%.
