The yield-bearing stablecoin has grown by 59% for the reason that starting of summer season as institutional demand accelerates.
SyrupUSDC – a yield-bearing stablecoin issued by asset supervisor Maple Finance, which oversees greater than $3.5 billion – surpassed $1 billion in provide 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% enhance from one month in the past, and a 59% enhance for the reason that starting of summer season.
“Crossing the $1 billion mark in syrupUSDC provide reveals simply how rapidly demand for institutional-grade yield is scaling in [decentralized finance],” Maple’s CEO Sidney Powell instructed The Defiant. “It’s a sign that allocators are now not sitting on the sidelines, they’re actively in search of methods to place capital to work on-chain in a secure and environment friendly manner.”
Powell added that syrupUSDC serves as a bridge for allocators to try this, and the momentum behind it “has solely accelerated in latest months.”
The milestone comes as Maple introduced on Wednesday that syrupUSDC would increase to Arbitrum, an Ethereum Layer 2 community with a complete worth locked (TVL) of practically $3.7 billion, per DeFiLlama.
Maple’s transfer to Arbitrum builds on its presence on Ethereum and Solana. The launch additionally comes with help from Arbitrum’s new DRIP rewards program, which lets customers earn ARB tokens when borrowing towards syrupUSDC. This function provides an additional layer of rewards on high of Maple’s common yield, in accordance with a press launch considered by The Defiant.
“Increasing to Arbitrum is a vital step in that journey. It connects syrupUSDC to some of the lively communities in DeFi, the place the urge for food for leverage and yield is big,” Powell mentioned. “By assembly customers the place they already are, we’re making syrupUSDC extra liquid and extra accessible, whereas laying the groundwork for credit score markets that may rival conventional finance in scale and effectivity.”
This enlargement is a part of Maple’s multi-chain technique to increase syrupUSDC to the busiest DeFi networks. Maple’s native SYRUP token is at the moment buying and selling at $0.47, up 8% over the previous week and 17% during the last two weeks, in accordance with CoinGecko.
Maple, which launched in 2021, has recorded sturdy momentum in 2025, with its TVL surging to round $2.2 billion at the moment from $298 million initially of the yr, in accordance with DefiLlama information.
