syrupUSDC

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
Mint and redeem	syrupUSDC is an ERC-4626 vault token representing a lender's share of a Maple lending pool. A permitted user connects a wallet and deposits USDC into the syrupUSDC pool; the smart contract accepts the USDC and issues pool shares/syrupUSDC whose USDC redemption value increases as loan interest accrues. Maple describes syrupUSDC access as permissionless for eligible non-U.S. users and its current application states no minimum deposit. To redeem, a holder submits a withdrawal request; requests enter a first-in, first-out queue and remain yield-bearing until processed as liquidity becomes available. Maple states that most withdrawals process in under 24 hours but may take up to 30 days, and redemption occurs at the smart-contract exchange rate without slippage. Holders can alternatively obtain immediate secondary-market liquidity by swapping syrupUSDC on a DEX. The ordinary lender flow is described as wallet-based and permissionless rather than as a KYC onboarding process; Maple separately states that institutional borrowers undergo KYC/AML and underwriting. Certain jurisdictions remain ineligible. unverified
Regulatory status	Jurisdiction Any jurisdiction · License type “The Company is not registered in any capacity with any regulatory body in any jurisdiction” (Interface Terms of Use) · Status Unlicensed

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site

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.

Figures marked unverified are recorded but not yet independently confirmed.

License and registration entries summarize public records and issuer statements as of the dates shown and are not legal advice; confirm current status with the relevant regulator. Terms.