SyrupUSDC – a yield-bearing stablecoin issued by asset supervisor Maple Finance, which oversees bigger than $3.5 billion – surpassed $1 billion in present on Wednesday, Sept. 3.
The stablecoin’s market capitalization jumped from $970 million early Wednesday to $1.01 billion on the time of writing. The surge marks an 18% enlarge from one month ago, and a 59% enlarge for the explanation that starting of summer season.
“Crossing the $1 billion label in syrupUSDC present reveals correct how briskly demand for institutional-grade yield is scaling in [decentralized finance],” Maple’s CEO Sidney Powell told The Defiant. “It’s a label that allocators are no longer any longer sitting on the sidelines, they’re actively looking out out out ways to position capital to work on-chain in a stable and efficient formula.”
Powell added that syrupUSDC serves as a bridge for allocators to scheme that, and the momentum within the support of it “has simplest accelerated in newest months.”
The milestone comes as Maple presented on Wednesday that syrupUSDC would enlarge to Arbitrum, an Ethereum Layer 2 community with a total payment locked (TVL) of virtually $3.7 billion, per DeFiLlama.
Maple’s transfer to Arbitrum builds on its presence on Ethereum and Solana. The open also comes with toughen from Arbitrum’s original DRIP rewards program, which lets customers create ARB tokens when borrowing towards syrupUSDC. This arrangement provides a further layer of rewards on prime of Maple’s current yield, in step with an announcement considered by The Defiant.
“Rising to Arbitrum is a crucial step in that inch. It connects syrupUSDC to surely one of essentially the most active communities in DeFi, the set the streak for meals for leverage and yield is essential,” Powell talked about. “By meeting customers the set they already are, we’re making syrupUSDC extra liquid and extra accessible, while laying the groundwork for credit ranking markets that can rival historical finance in scale and effectivity.”
This growth is phase of Maple’s multi-chain technique to enlarge syrupUSDC to the busiest DeFi networks. Maple’s native SYRUP token is currently shopping and selling at $0.47, up 8% sometime of the final week and 17% over the final two weeks, in step with CoinGecko.
Maple, which launched in 2021, has recorded sturdy momentum in 2025, with its TVL surging to around $2.2 billion currently from $298 million on the begin of the year, in step with DefiLlama files.
