Assets · Pool share · issued by Maple Finance

Maple syrupUSDC (syrupUSDC)New

Yield-bearing token for Maple's USDC lending pool, issued by Maple International Operations SPC for its Secured Loan Segregated Portfolio 1. Depositors lend USDC into the pool; Maple Direct lends it to crypto-native institutions against overcollateralised liquid digital asset collateral, with some capital in futures basis trades and DeFi liquidity. Maple says the token is not a stablecoin and is not backed by USDC. Not offered in the US.

Asset sources[1][2][3][4][5][6][7] · ERC-4626[3]

~$958.66mSupply, 27 Oct 2026
9Networks
Maple syrupIssued by
0Also used by

Issued through Maple syrup lending pools (syrupUSDC, syrupUSDT, syrupUSDG) Live (scaled)

Classification · low confidence

Legal form
Pool share from issuance terms
Underlying
Private credit · Private credit 95%, Other 2%, Money 1%, Government debt 1% (27 Oct 2026)
Value behaviour
NAV · pays income
Ledger role
Native

Deposits of $972.27m on 27 Oct 2026 (Maple transparency page): overcollateralised lending $926.21m (95.3%), US Treasuries $12.38m (1.3%), DEX liquidity pools $20.05m (2.1%), idle cash $13.63m (1.4%). Overcollateralised loans are over half, so private credit (under v3 a loan's underlying is the loan type, not its crypto collateral). 'Other' is DeFi lending, DEX liquidity pool and trading positions (on-chain loans and LP positions, not held tokens); how the Treasury share is held (directly or via tokenised funds) is not stated. Issuer data only.

Sourced[7]. How assets are classified: methodology.

Contracts

Addresses as published by the issuer. Check them on the explorer before relying on them. Supply per network comes from the issuing deployment's on-chain figures.

Sources

  1. [1]Asset Integration: Ethereum Mainnet | Maple — Maple Finance. Accessed 17 Oct 2026. Lists the Ethereum mainnet token contracts for syrupUSDC, syrupUSDT and syrupUSDG..B
  2. [2]Asset Integration: Crosschain | Maple — Maple Finance. Accessed 17 Oct 2026. Token, pool and price-feed contracts per chain; tokens move between chains through Chainlink CCIP..B
  3. [3]Earning with syrupUSDC/USDT/USDG | Maple — Maple Finance. Accessed 17 Oct 2026. Pool contracts follow the ERC-4626 tokenised vault standard; lenders receive pool LP tokens..B
  4. [4]Powered by Maple | Maple — Maple Finance. Accessed 17 Oct 2026.B
  5. [5]syrupUSDC Product Disclosures & Disclaimers | Maple — Maple Finance. Accessed 17 Oct 2026. Issued by Maple International Operations SPC for Secured Loan Segregated Portfolio 1; not a stablecoin and not backed by USDC; yield from overcollateralised institutional loans plus basis trading and DeFi liquidity..B
  6. [6]Maple Q3 2026 Ecosystem Update: Loans grew as DeFi shrank — Maple Finance, 15 Oct 2026. Accessed 17 Oct 2026.B
  7. [7]Transparency | Maple Finance (deposit allocation by product) — Maple Finance, 27 Oct 2026. Accessed 27 Oct 2026. Read 27 Oct 2026 (page data timestamp about 20:09 UTC). syrupUSDC deposits $972.27m, allocated as overcollateralised lending $926.21m (95.3%), US Treasuries $12.38m (1.3%), DEX liquidity pools $20.05m (2.1%), idle cash $13.63m (1.4%). The same page gives the product's assets under management as $2,586.9m, a larger figure; the allocation adds up to deposits, not AUM..B

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