Today, we're excited to announce support for cbBTC on Maple and Syrup. This enables institutional holders of cbBTC to borrow USDC against their holdings through fixed rate, short term loans.

cbBTC is a wrapped Bitcoin token that unlocks BTC utility for holders across blockchain networks including Ethereum and Base. Each cbBTC is backed 1:1 by Bitcoin, which is stored securely by Coinbase, and enables native Bitcoin holders to participate more freely in DeFi.

Maple co-founder Joe Flanagan added commentary on the integration: “Maple is proud to be a Day 1 Supporter of cbBTC and to continue to provide innovative borrowing options for institutions. Through Syrup, this integration leverages the smart contract infrastructure of Maple to make yield from institutional lending accessible throughout DeFi.”

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About Maple
Maple is a leading digital asset lending platform, offering fixed-rate loans to institutional borrowers. The Syrup protocol makes this yield - once opaque and exclusive - accessible through DeFi. Maple’s lending infrastructure has facilitated more than $4.4B in loans, providing a trusted source of real, differentiated yield.

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