Private creditActive

Syrup USDC

Value (USD)$1B2026-09-30

Wallet holders8,5612026-09-30

Minimum investmentNone (0 USDC per rwa.xyz)

Yield—Unverified

Overview

syrupUSDC is a token for a USDC lending pool run on the Maple protocol. The pool lends at fixed rates to crypto-native institutional borrowers who post liquid digital assets as overcollateral, and some capital also goes to futures basis trades and DeFi liquidity provision. Maple states that it is not a stablecoin and is not backed by USDC reserves.

Overcollateralized fixed-rate loans to crypto-native institutions (collateralized by liquid digital assets), plus basis-trading and DeFi liquidity strategies

Product structure

Lowest eligible investor type: Retail investors

US persons: Excludes US persons

Investor eligibility: Non-US persons; residents/entities of the US and about 34 other restricted jurisdictions excluded; sanctions and AML screening

Classification of public offering terms, not a determination of your eligibility. Check the offering documents.

Legal wrapper: Segregated portfolio of a segregated portfolio company (SPC); each syrup product sits in its own segregated portfolio
Domicile: Unverified
Regulatory status: No registration or regulatory authorisation disclosed; interface terms governed by BVI law (interface operator Syrup Ltd)
Asset segregation: Maple states each syrup product uses its own segregated portfolio, legally separated from Maple's institutional pools
Custodian: Unverified
Fund administrator: Unverified
Auditor: Unverified
Transfer agent: None; on-chain token balances are the record
Tokenization agent: Unverified
Proof of reserve: No third-party attestation identified; Maple publishes real-time collateral data

Redemption & liquidity

Redemption terms: Withdrawal queue (FIFO) in USDC as liquidity becomes available; most within 24 hours, maximum up to 30 days; an instant-liquidity buffer is maintained
Secondary liquidity: DEX pools (e.g. Uniswap, Balancer) and DeFi integrations; cross-chain via native mint/redeem
Yield mechanism: Exchange-rate (NAV) accrual of vault share

Fees

No explicit management, performance, subscription or redemption fee to holders per rwa.xyz; protocol fees are embedded in the net yield

On-chain information

EthereumSolanaArbitrumBaseMonadTempoRobinhood ChainInk

Token standard: ERC-20 / ERC-4626 vault share (Ethereum); Token-2022 (Solana); TIP-20 (Tempo)
Transfer restrictions: Deposits are gated by jurisdiction and screening; rwa.xyz classes the token as distributed (freely transferable)

Contract addresses: unverified

Notes & material events

Maple-wide AUM was about USD 4.55bn on 2026-08-20 (Maple Memo). Maple smart contracts have been audited repeatedly (Trail of Bits, Spearbit, Three Sigma, 0xMacro, Sherlock, Dedaub, Sigma Prime; 2022-2026), and a multisig can pause the protocol in an emergency. History: in December 2022 Orthogonal Trading defaulted on about USD 36m across two Maple v1 pools (M11 Credit), after FTX. syrupUSDC was not affected because it launched in 2024.

Revision history

No published revisions.

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