syrupUSDT
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About syrupUSDT
Analysis of 9 Feb 2026syrupUSDT is a yield-bearing stablecoin issued by Maple Finance, representing USDT deposits into institutional lending pools. Built on the ERC-4626 tokenized vault standard, syrupUSDT accrues value as overcollateralized institutional borrowers pay interest.
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As of February 2026, Maple Finance has grown to over $5 billion in total deposits, with syrupUSDT and syrupUSDC combined exceeding $2.2 billion in assets under management. The Plasma syrupUSDT Vault delivers ~16% net APY combining base lending yield, Aave/Fluid looping strategies, and XPL rewards, with the $200M pre-deposit vault filling in under one minute.
Maple has expanded syrupUSDT across Ethereum, Plasma, Solana, and Base (launched January 2026), with collateral integration on Aave V3, Fluid, Spark, and Kamino. The protocol originated $8.5 billion in loan volume during 2025 alone, bringing cumulative originations to over $20 billion since 2021 inception.
Maple is executing its 2026 strategic pivot toward revenue generation, targeting $100M annual recurring revenue by year-end, building on 2025 revenue of $25M.