Crypto: Maple Brings Syrupusdc To Base, Targets Aave V3 Listing 2026
Onchain asset manager Maple is taking syrupUSDC to Coinbase’s Base network, adding institutional credit rails while pursuing Aave's Base instance next.
Onchain asset manager Maple is extending its yield-bearing US dollar token, syrupUSDC, to Coinbase’s Base network, plugging institutional credit directly into a fast‑growing Ethereum layer-2 ecosystem.
According to a Thursday release shared with Cointelegraph, the launch will provide the company with a “direct path” to Coinbase’s broader ecosystem of users and products, while making institutional-grade yield available to a wider base of onchain users, rather than keeping it siloed on the Ethereum mainnet.
An Aave governance proposal is also currently live to onboard syrupUSDC as collateral on the Aave V3 Base Instance, if the vote passes.
Maple said Chainlink infrastructure will be used to support interoperability between Ethereum and Base, allowing syrupUSDC to function as composable collateral across lending, leverage and other decentralized finance (DeFi) strategies.
Sid Powell, Maple’s co‑founder and CEO, told Cointelegraph that the products were built on “overcollateralized loans” with collateral values “trackable in real time,” thereby providing strong downside protection and sustainable yields as syrupUSDC scales into a new ecosystem like Base.
Related: Maple Finance stablecoins debut on Aave’s onchain lending markets
Powell characterized Base as a “key next step” for Maple because of its distribution power and rapid DeFi growth. He added that, as a composable yield asset, syrupUSDC “thrives in these conditions,” and said that its growth would be “boosted further by the Aave listing.”
In his view, the next phase of DeFi will be driven by scalable, stable yield products that institutions and everyday users can trust, and he wants syrupUSDC to be one of the core building blocks on Base, adding that “further integrations” in the Base ecosystem were “in the works.”
Related: Nansen launches AI crypto trading tools on Base, Solana
Source: CoinTelegraph
