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Maple Finance expands to Solana, deploys yield-bearing stablecoin

Maple Finance, a decentralized finance (DeFi) platform, has expanded its offerings by launching a yield-bearing stablecoin called mUSD on the Solana blockchain. This new stablecoin allows users to earn yield on their US dollar deposits, with the initial yield set at 8% annually. The expansion to Solana aims to tap into the blockchain's growing ecosystem and high transaction speeds. mUSD is backed by US Treasury bills, providing a stable and secure investment option for users. This move is part of Maple Finance's broader strategy to diversify its product offerings and increase its presence in the DeFi space.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/maple-finance-expands-solana-yield-bearing-stablecoin ]