SyrupusDC-a return-bearing stablecoin issued by Asset Manager Maple Finance, which supervises more than $ 3.5 billion overtrophy $ 1 billion in delivery on Wednesday 3 September.
The market capitalization of the Stablecoin rose from $ 970 million early Wednesday to $ 1.01 billion at the time of writing. The rise is marking an increase of 18% compared to a month ago and an increase of 59% since the beginning of the summer.
SyrupusDC Market capitalization
“Covering the $ 1 billion in SyrupusDC’s supply shows how quickly the demand for institutional quality yield is scaleing up [decentralized finance]”Sidney Powell from Maple told The Defiant.” It is a signal that allocators are no longer on the sidelines, they are actively looking for ways to work capital in a safe and efficient way in the chain. “
Powell added that SyrupusDC serves as a bridge for allocators to do that, and the momentum behind it “has only been accelerated in recent months.”
The milestone announced on Wednesday that SyrupusDC would expand to Arbitrum, an Ethereum Layer 2 network with a total value locked (TVL) of almost $ 3.7 billion, per Defillama.
Maple’s Move to Arbitrum builds on his presence on Ethereum and Solana. The launch is also supplied with the support of the new Drip Rewards program from Arbitrum, with which users can earn ARB -Tokens when borrowing against SyrupusDC. This function adds an extra low rewards on top of Maple’s regular yield, according to a press release viewed by the Defiant.
“Expanding to Arbitrum is an important step in that journey. It connects SyrupusDC with one of the most active communities in Defi, where the hunger for leverage and yield is enormous,” said Powell. “By meeting users where they are, we make SyrupusDC more liquid and more accessible, while laying the foundation for credit markets that can compete traditional financing in scale and efficiency.”
This expansion is part of Maple’s multi-chain strategy to extend SyrupusDC to the busiest Defi networks. Maple smoking the native syrup smoking is currently being traded at $ 0.47, an increase of 8% in the past week and 17% in the past two weeks, according to Coingecko.
Maple TVL
Maple, which was launched in 2021, recorded a strong momentum in 2025, with its TVL that rises to around $ 2.2 billion currently from $ 298 million at the start of the year, according to Defillama Data.
