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Plasma announced a partnership with Maple Finance to open a deposit reserve, and will subsequently launch syrupUSDT.
On September 15, Plasma announced a partnership with Maple Finance to strengthen the on-chain credit tier and launched the syrupUSDT pre-deposit pool to provide seed funding for initial liquidity. The official stated that Plasma is the optimal deployment choice for the Maple USDT market, thus becoming the third public chain deployed by Maple. By connecting USDT liquidity with the Maple market, both parties will build a core institutional credit tier on Plasma. Maple will collaborate with Midas to open the pre-deposit pool to support liquidity on the first day of the Plasma network launch. The upper limit for the syrupUSDT deposit pool is 200 million USD, and users can deposit using mainstream stablecoins and syrupUSDT. This will be the final deposit pool before the launch of the Beta version of the Plasma Mainnet. The deposit pool will officially start at 21:00 Beijing time on September 16. Along with Maple's deployment, the on-chain asset management company will also launch syrupUSDT on Plasma and fully integrate into our Decentralized Finance ecosystem.