Maple Finance Adds Support for stETH, Expanding Institutional Stablecoin Lending Business

Foresight News reports that on-chain asset management firm Maple Finance has added support for stETH. stETH is a liquid staking token for Ethereum issued through the Lido protocol. With this integration, Maple will allow institutions to use their stETH holdings as collateral to borrow stablecoins, thereby providing liquidity without requiring institutions to exit their liquid staking positions.