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Maple Finance Surpasses BlackRock’s BUIDL with $4B AUM, Fueled by Institutional Demand
Maple Finance Surpasses BlackRock’s BUIDL with $4B AUM, Fueled by Institutional Demand
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BTCCSquare news:
Maple Finance has eclipsed BlackRock’s BUIDL fund as the largest onchain asset manager, with assets under management nearing $4 billion. The surge is attributed to institutional appetite for its yield-bearing stablecoin, syrupUSD, and expansions to new blockchain networks. CEO Sid Powell notes a market shift toward credit-driven yields, away from opportunistic strategies.
The protocol’s $3.8 billion in deposits fund crypto-native businesses like prime brokers and Bitcoin miners. Recent deployments on Arbitrum and Plasma, including a $200 million pre-deposit vault filled within 24 hours, underscore Maple’s aggressive growth trajectory.
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