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 2026-11-08 04:21 UTC

Supply APY

9.41%

earned by suppliers

Borrow APY, variable

11.51%

paid by borrowers

Total supplied

$2.60M

2.60M USDC

Total borrowed

$2.38M

2.39M USDC

Utilization

91.8%

share of supply that is lent out

Available to borrow

$214K

oracle price $0.9997

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	Disabled
Supply cap used	2.60M of 60.00M USDC (4.3%)
Borrow cap used	2.39M of 54.00M USDC (4.4%)

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 utilization and interest rate curve

Utilization is 91.8% 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 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

About USDC on Aave Ethereum Horizon

USD Coin (USDC) is listed on the Aave V3 Ethereum Horizon market on Ethereum. Lenders have supplied $2.60M (2.60M USDC) and borrowers owe $2.38M, so 91.8% of the pool is lent out and $214K is left to borrow. The supply cap is 4% used.

Suppliers earn 9.41% a year, and variable-rate borrowers pay 11.51%. The rate follows utilization: up to 90% the borrow rate rises gently from 1.50% to 6.50%, and above that it climbs steeply to 31.50% when everything is lent out. At 91.8% now, the pool is above that point, so the rate can jump quickly if more is borrowed. 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.

Among the 22 Aave markets with at least $1M of USDC supplied, this one pays the 2nd highest supply rate. A week ago suppliers earned 6.80% and borrowers paid 8.39%, with 90.6% of the pool lent out. Over the past 30 days, the supply rate ranged from 4.69% to 26.84%, and the borrow rate from 6.31% to 30.88% (one reading a day).