USDC on Aave Ethereum EtherFi

Live USD Coin (USDC) rates on the Aave V3 Ethereum EtherFi market: what suppliers earn, what borrowers pay, how much is available, and the settings that decide both.

Data from Aave's API · updated 2026-11-08 04:27 UTC

Supply APY

0.48%

earned by suppliers

Borrow APY, variable

1.83%

paid by borrowers

Total supplied

$8.7K

8.70K USDC

Total borrowed

$2.6K

2.58K USDC

Utilization

29.7%

share of supply that is lent out

Available to borrow

borrow cap is full

USDC supply and borrow APY history

Averages published by Aave's API

Risk settings

Can be used as collateral	No
Max loan-to-value (LTV)	–
Liquidation threshold	–
Liquidation penalty	–
Reserve factor	10.00%
Flash loans	Enabled
Supply cap used	Full: 8.70K USDC against a cap of 1.00, so no new deposits
Borrow cap used	Full: 2.58K USDC against a cap of 1.00, so no new loans

New to these terms? Read health factor explained and supply and borrow caps.

Contracts

USDC token	0xA0b8…eB48
aToken (aEthEtherFiUSDC)	0x7380…0E2e
Variable debt token	0x9355…cdB7
Price oracle	0xB655…F6dA
Interest rate strategy	0xC166…6059
Pool	0x0AA9…F3c0

Links open the Ethereum block explorer.

USDC utilization and interest rate curve

Utilization is 29.7% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 90% utilization the borrow rate climbs gently from 0.00% to 5.50%. Past that point it climbs steeply, reaching 45.50% when everything is lent out. How Aave interest rates work.

About USDC on Aave Ethereum EtherFi

USD Coin (USDC) is listed on the Aave V3 Ethereum EtherFi market on Ethereum. Lenders have supplied $8.7K (8.70K USDC) and borrowers owe $2.6K, so 29.7% of the pool is lent out. The borrow cap is full, so no new loans can be taken until borrowers repay or the cap is raised. The supply cap is full, so no new deposits are accepted.

Suppliers earn 0.48% a year, and variable-rate borrowers pay 1.83%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 5.50%, and above that it climbs steeply to 45.50% when everything is lent out. At 29.7% now, the pool is below that point. Aave keeps 10% of the interest as its reserve factor.

USDC cannot be used as collateral on this market. The best USDC supply rate elsewhere on Aave is 9.47% on Linea. The cheapest place to borrow it is the Arc Main spoke (V4) at 3.42%. Compare USDC rates on every Aave market.

A week ago suppliers earned 0.48% and borrowers paid 1.83%, with 29.7% of the pool lent out. Over the past 30 days, the supply rate held at 0.48%, and the borrow rate held at 1.83% (one reading a day).