Printed as a cup pad in one piece, this thing can be used also as a cup holder for 9 cm high paper cups filled e.g. with hot coffee.
The collapsed holder is practical for transportation.

Update

V2 has these improvements:

• more robust joints
• tuned tolerances
• smoother edges
• backstops

You might try to print collapsible_holder_v2_looser_hinges.stl if you think hinges are too tight.