Maple Secures $280 Million in XRP Collateral for Ethereum‑Backed Loans

Maple has reported that it holds roughly 225 million XRP as collateral for loans issued from Ethereum pools, amounting to about $280.2 million in displayed collateral. Three XRP‑backed positions carry a nominal principal of $151.8 million, with maturities on December 4, 2026; December 12, 2026; and January 15, 2027. The collateral coverage ratios for the syrupUSDC and syrupUSDT products are 178.3 %, 188.2 %, and 185.7 % respectively. The collateral is held in native XRP custody on the XRP Ledger, while the loans themselves are funded from Ethereum-based liquidity pools. Repayments or margin calls could trigger releases or sales of the XRP collateral, affecting demand for the token. The disclosed balances match DefiLlama’s reported $281.1 million Maple allocation on the XRPL, which is part of a total XRPL DeFi value of roughly $318 million.