syrupUSDC is a yield-bearing stablecoin by Maple Finance, backed by overcollateralized loans and deployed on multiple blockchain networks.
| Symbol | syrupUSDC |
| Peg | USD |
| Backing | Crypto backed |
| Status | Active |
| Launched | 2024 |
| Networks | L1 EVM Ethereum L1 non EVM Solana L2 Arbitrum, Base, Plasma unverified |
| Specifications | Backing Overcollateralized loans to institutional borrowers. Redemption Enhanced redemption process with average withdrawal times under ~5 minutes (not guaranteed). |
| Use cases | Yield |
| Chain | Address |
|---|---|
| Arbitrum One | 0x41ca7586cc1311807b4605fbb748a3b8862b42b5 |
| Base | 0x660975730059246a68521a3e2fbd4740173100f5 |
| Ethereum | 0x80ac24aa929eaf5013f6436cda2a7ba190f5cc0b |
| Monad | 0xab6e5a0c3799d020c790d34f7b2c02639e238af7 |
| Solana | AvZZF1YaZDziPY2RCK4oJrRVrbN3mTD9NL24hPeaZeUj |
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.