Maple Finance Unveils New Investment Opportunity in U.S. Treasury Bonds
Maple Finance, a lending protocol, has announced plans to launch a new liquidity pool that invests in U.S. Treasury bonds.
Sidney Powell, the CEO of Maple Finance, revealed the plan during a community call on Tuesday. The liquidity pool will enable stablecoin holders outside of the U.S. and accredited investors to invest in U.S. Treasury bonds and earn a yield.
Later this year, a community vote will take place to discuss new tokenomics and utility for Maple Finance’s native token, MPL. Ahead of the call, the token’s value rose by 23%.
In December, Maple Finance terminated its relationship with one of its largest clients, Orthogonal Trading, after discovering that the firm had “misrepresented its financial position.”
Orthogonal Trading had outstanding loans worth $31 million on the M11 credit pool. However, the firm failed to repay the loans approximately four weeks before Maple Finance realized the firm was insolvent.
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In addition, Orthogonal Trading had claimed that its exposure to FTX was limited, which was not accurate.
As a result of FTX’s collapse, 80% of liquidity providers on the platform faced significant losses amounting to $36 million worth of credit defaults on M11. Nevertheless, M11 recently announced that it is operational again and raising funds for its KYC pool on Maple.
M11’s team anticipates that Ethereum’s Shanghai upgrade and increased regulatory pressure will provide market-neutral trading firms with opportunities. They believe financing options have become scarce for such firms as CeFi lenders can no longer provide cheap capital, and crypto banking issues limit on-ramp options, particularly for USDC, in recent weeks.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
