$1 in sight as SyrupUSDC targets $1b milestone
The post $1 in sight as SyrupUSDC targets $1b milestone appeared on BitcoinEthereumNews.com. Maple Finance’s token extended its rally for a fourth consecutive day as momentum behind its yield-generating stablecoin continued to build. Maple Finance (SYRUP) price rose to a high of $0.6180, its highest point since November last year. It has jumped by over 6.45% from its lowest point this year, giving it a market capitalization of $688 million. Maple Finance’s token advanced as the syrupUSDC market capitalization jumped to over $886 million, three months after its launch. This growth has made it one of the biggest stablecoins in the crypto industry. SyrupUSDC has overtaken other popular stablecoins like Ondo Finance’s USDY, PayPal’s PYUSD, and Ripple USD. This growth suggests it will cross the $1 billion milestone in the coming weeks. SyrupUSDC also moved into a premium, with its price rising to 1.11. SyrupUSDC is designed to maintain a stable value pegged to the U.S. dollar. When users deposit USDC into Maple Finance, they receive a liquidity pool token known as syrupUSDC, which earns a yield from fixed-rate, overcollateralized loans to institutions. It is also integrated with popular DeFi protocols like Pendle and Morpho, allowing holders to use it as collateral. SyrupUSD yields about 6.4%, higher than the ten-year US bond yields. Only Ethena (ENA) and Sky Protocol (SKY) stablecoins have a higher yield. SyrupUSDC the highest-yielding stablecoin in the market Since the start of the year, @syrupfi SyrupUSDC has 10x’d its market cap, making it the fastest-growing yield-bearing stablecoin of 2025 SyrupUSDC is now a top 3 yield bearing stablecoin after Ethena and Sky ➢… pic.twitter.com/BD943COxn2 — Jonaso (@Jonasoeth) June 22, 2025 SYRUP also climbed as Maple Finance’s assets under management jumped to a record high of nearly $2.5 billion. In addition to SyrupUSDC, the other big players in its ecosystem are High Yield, Blue Chip, and Bitcoin Yield, which have…
The post $1 in sight as SyrupUSDC targets $1b milestone appeared on BitcoinEthereumNews.com.
Maple Finance’s token extended its rally for a fourth consecutive day as momentum behind its yield-generating stablecoin continued to build. Maple Finance (SYRUP) price rose to a high of $0.6180, its highest point since November last year. It has jumped by over 6.45% from its lowest point this year, giving it a market capitalization of $688 million. Maple Finance’s token advanced as the syrupUSDC market capitalization jumped to over $886 million, three months after its launch. This growth has made it one of the biggest stablecoins in the crypto industry. SyrupUSDC has overtaken other popular stablecoins like Ondo Finance’s USDY, PayPal’s PYUSD, and Ripple USD. This growth suggests it will cross the $1 billion milestone in the coming weeks. SyrupUSDC also moved into a premium, with its price rising to 1.11. SyrupUSDC is designed to maintain a stable value pegged to the U.S. dollar. When users deposit USDC into Maple Finance, they receive a liquidity pool token known as syrupUSDC, which earns a yield from fixed-rate, overcollateralized loans to institutions. It is also integrated with popular DeFi protocols like Pendle and Morpho, allowing holders to use it as collateral. SyrupUSD yields about 6.4%, higher than the ten-year US bond yields. Only Ethena (ENA) and Sky Protocol (SKY) stablecoins have a higher yield. SyrupUSDC the highest-yielding stablecoin in the market Since the start of the year, @syrupfi SyrupUSDC has 10x’d its market cap, making it the fastest-growing yield-bearing stablecoin of 2025 SyrupUSDC is now a top 3 yield bearing stablecoin after Ethena and Sky ➢… pic.twitter.com/BD943COxn2 — Jonaso (@Jonasoeth) June 22, 2025 SYRUP also climbed as Maple Finance’s assets under management jumped to a record high of nearly $2.5 billion. In addition to SyrupUSDC, the other big players in its ecosystem are High Yield, Blue Chip, and Bitcoin Yield, which have…
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