syrupUSDC is a yield-bearing stablecoin by Maple Finance, backed by overcollateralized loans and deployed on multiple blockchain networks.
Key Data
| Backing | Overcollateralized loans to institutional borrowers. |
| Redemption | Enhanced redemption process with average withdrawal times under ~5 minutes (not guaranteed). |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2024 |
Supported Networks
Use Cases
syrupUSDC is a yield-bearing stablecoin introduced by Maple Finance in May 2024. It represents USDC deposits allocated into Maple's institutional lending pools, offering users a stable asset that accrues yield over time.
syrupUSDC is backed by overcollateralized loans to institutional borrowers, underwritten by Maple Finance's credit pools.
The stablecoin's value is supported by real-world assets, ensuring stability and security.
Recent Activity
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.