# Aave Eyes Maple’s Syrup Stablecoins for Collateral

*Author: Jack Inabinet*
*Published: Oct 21, 2025*
*Source: https://www.bankless.com/read/news/aave-eyes-maples-syrup-stablecoins-for-collateral*

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DeFi lending titian Aave is considering whether to onboard Maple's high-yielding "Syrup" USDT and USDC stablecoins as collateral assets for the Plasma and Core lending markets. The proposed Plasma integration has so far received unanimous approval in governance voting.

### What's the Scoop?
- **DeFi Lending Collab: **Aave, the largest DeFi lending market in existence with over $40B in locked value, is considering a partnership with Maple, a smaller, but explosively growing lending market geared towards institutions, that would onboard syrupUSDT and syrupUSDC as collateral for its Plasma and Core (Ethereum) lending markets, respectively.
- **Governance Progress: **Aave token governance began [voting](https://app.aave.com/governance/v3/proposal/?proposalId=394) to approve a Plasma syrupUSDT market on October 19; that proposal has exceeded the required quorum with unanimous consent and is slated for execution on October 23. In parallel, Aave governance forum [discussions](https://governance.aave.com/t/arfc-onboard-syrupusdc-to-aave-v3-core-instance/22456/11) bode well for inclusion of syrupUSDC markets on the Ethereum Core market.
- **Unlocking Syrup's Potential: **If approved, the Aave proposals will enable borrowing against 150M syrupUSDT (~$165M) on Plasma and 150M syrupUSDC (~$170M) on Core at up to 90% loan-to-value rations. According to Coingecko, the combined market capitalization of Syrup [USDT](https://www.coingecko.com/en/coins/syrupusdt) and [USDC](https://www.coingecko.com/en/coins/syrup-usdc) deposit tokens is approximately $1.65B, meaning Aave's lending markets could absorb up to 20% of circulating supply.

### Bankless Take:
Aave continues to take an aggressive approach to onboarding long-tail dollar-pegged crypto on its Plasma and Ethereum Core core markets; the lending platform currently extends loans against $5.4B worth of Ethena synthetic stablecoins across both implementations. While Syrup stablecoins fit within Aave's growth strategy of onboarding high-yielding collateral, they're inclusion will also increase the risk profile of Aave's lending markets.   

> Pending governance approval, two [@maplefinance](https://twitter.com/maplefinance?ref_src=twsrc%5Etfw) assets (syrupUSDT and syrupUSDC) will soon be onboarded to Aave.This introduces new institutional-grade collateral, backed by a consistent and trusted yield, to borrowers. [https://t.co/G2vY8NA8k6](https://t.co/G2vY8NA8k6)— Aave (@aave) [October 21, 2025](https://twitter.com/aave/status/1980621095444136261?ref_src=twsrc%5Etfw)
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