syrupUSDC
syrupUSDC
active
Crypto Backed
USD
Yield-Bearing
Market Cap $1.7B
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 five minutes. |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2024 |
Supported Networks
Use Cases
Yield
Overview
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.
How It Works
syrupUSDC is backed by overcollateralized loans to institutional borrowers, underwritten by Maple Finance's credit pools.
Reserve Backing
The stablecoin's value is supported by real-world assets, ensuring stability and security.
Supported Networks
syrupUSDC is deployed on Ethereum, Solana, Arbitrum, and Plasma, enhancing accessibility and liquidity.
Related Coverage
Other USD Stablecoins
Data source: CoinGecko ↗