USDC on Aave Ethereum Horizon

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

Data from Aave's API · updated 2026-09-21 08:03 UTC

Supply APY

4.79%

earned by suppliers

Borrow APY, variable

6.37%

paid by borrowers

Total supplied

$3.32M

3.32M USDC

Total borrowed

$2.80M

2.80M USDC

Utilization

84.2%

share of supply that is lent out

Available to borrow

$525K

oracle price $0.9999

USDC supply and borrow APY history

Daily 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	Disabled
Supply cap used	3.32M of 60.00M USDC (5.5%)
Borrow cap used	2.80M of 54.00M USDC (5.2%)

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

Contracts

USDC token	0xA0b8…eB48
aToken (aHorRwaUSDC)	0x6821…f79e
Variable debt token	0x4139…0FC7
Price oracle	0x46f9…f363
Interest rate strategy	0x8759…b521
Pool	0xAe05…32C8

Links open the Ethereum block explorer.

USDC interest rate curve

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 1.50% to 6.50%. Past that point it climbs steeply, reaching 31.50% when everything is lent out. How Aave interest rates work.

E-Mode categories that include USDC

Efficiency mode raises borrowing power between closely related assets. E-Mode explained.

Category (1)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
mGLOBAL Stablecoins	75.00%	80.00%	6.00%	No	Yes

USDC on other Aave markets

The same asset, different rates

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum CoreUSDC · $2.38B	$2.38B2.38B USDC	3.69%	$2.21B2.21B USDC	4.44%	92.7%
ArbitrumUSDC · $183.8M	$183.8M183.79M USDC	2.83%	$153.5M153.52M USDC	3.78%	83.5%
BaseUSDC · $181.6M	$181.6M181.57M USDC	3.71%	$159.8M159.80M USDC	4.70%	88.0%
MonadUSDC · $153.3M	$153.3M153.30M USDC	4.19%	$140.5M140.51M USDC	5.11%	91.7%
Arc MainV4USDC · $124.8M	$124.8M124.86M USDC	<0.01%	$1.15M1.15M USDC	0.04%base rate	0.9%
InkUSDC · $67.12M	$67.12M67.12M USDC	4.27%	$49.45M49.45M USDC	6.50%	73.7%
AvalancheUSDC · $63.72M	$63.72M63.72M USDC	3.45%	$55.98M55.98M USDC	4.39%	87.9%
PolygonUSDC · $28.12M	$28.12M28.12M USDC	3.32%	$17.96M17.96M USDC	6.60%	63.9%