USDC on Aave Ethereum Core

Live USD Coin (USDC) rates on the Aave V3 Ethereum Core 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 08:51 UTC

Supply APY

3.60%

earned by suppliers

Borrow APY, variable

4.38%

paid by borrowers

Total supplied

$2.38B

2.38B USDC

Total borrowed

$2.18B

2.18B USDC

Utilization

91.6%

share of supply that is lent out

Available to borrow

$200.7M

oracle price $0.9999

Exact USDC borrow-cost history since January 2023 →

This asset is tracked from Aave's interest index, so its daily averages include the short spikes that ordinary rate charts miss.

USDC supply and borrow APY history

Daily averages published by Aave's API

Risk settings

Can be used as collateral	Yes
Max loan-to-value (LTV)	75.00%
Liquidation threshold	78.00%
Liquidation penalty	4.50%
Reserve factor	10.00%
Flash loans	Enabled
Supply cap used	2.38B of 3.00B USDC (79.4%)
Borrow cap used	2.18B of 2.70B USDC (80.8%)

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

Contracts

USDC token	0xA0b8…eB48
aToken (aEthUSDC)	0x98C2…6F5c
Variable debt token	0x72E9…D004
Price oracle	0x3f73…095B
Interest rate strategy	0x9ec6…FdFB
Pool	0x8787…A4E2

Links open the Ethereum block explorer.

USDC utilization and interest rate curve

Utilization is 91.6% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 94% utilization the borrow rate climbs gently from 0.00% to 4.40%. Past that point it climbs steeply, reaching 14.40% 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 (25)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
sUSDe Stablecoins	90.00%	92.00%	4.00%	No	Yes
PT-sUSDe Stablecoins Jul 2025	90.00%	92.00%	3.00%	No	Yes
PT-eUSDe Stablecoins May 2025	91.00%	93.00%	2.10%	No	Yes
PT-USDe Stablecoins July 2025	91.00%	93.00%	2.10%	No	Yes
USDe Stablecoin	90.00%	93.00%	2.00%	No	Yes
PT-eUSDe Stablecoins August 2025	91.00%	93.00%	2.00%	No	Yes
eUSDe_Stablecoin	90.00%	93.00%	2.00%	No	Yes
PT-sUSDe Stablecoins September 2025	90.00%	92.00%	3.10%	No	Yes
PT-USDe Stablecoins September 2025	91.00%	93.00%	2.00%	No	Yes
tETH/Stablecoins	72.00%	75.00%	7.50%	No	Yes
ezETH/Stablecoins	75.00%	78.00%	7.50%	No	Yes
PT-sUSDe Stablecoins Nov 2025	90.00%	92.00%	3.10%	No	Yes
PT-USDe Stablecoins Nov 2025	91.00%	93.00%	2.00%	No	Yes
PTUSDe5FEB/Stablecoins	91.00%	93.00%	2.00%	No	Yes
PTsUSDe5FEB/Stablecoins	90.00%	92.00%	3.00%	No	Yes
PT_USDe_7MAY2026__Stablecoins	91.00%	93.00%	2.70%	No	Yes
PT_sUSDe_7MAY2026__Stablecoins	90.00%	92.00%	4.20%	No	Yes
PT_srUSDe_2APR2026_sUSDe__USDT_USDe_USDC	90.00%	92.00%	3.30%	No	Yes
LINK__USDC_USDT	66.00%	71.00%	7.00%	No	Yes
EURC__USDC_USDT_GHO	75.00%	78.00%	5.00%	No	Yes
rsETH__USDC_USDT	75.00%	78.00%	7.50%	No	Yes
XAUt__USDC_USDT_GHO	70.00%	75.00%	6.00%	No	Yes
PT_srUSDe_25JUN2026__Stablecoins	90.00%	92.00%	4.10%	No	Yes
PT_USDG_28MAY2026__Stablecoins	93.80%	95.80%	1.50%	No	Yes
PT-srUSDe Stablecoins	90.00%	92.00%	4.58%	No	Yes

USDC on other Aave markets

The same asset, different rates

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
BaseUSDC · $181.8M	$181.8M181.86M USDC	3.70%	$159.8M159.80M USDC	4.70%	87.9%
ArbitrumUSDC · $181.2M	$181.2M181.19M USDC	2.93%	$153.9M153.89M USDC	3.85%	84.9%
MonadUSDC · $163.9M	$163.9M163.94M USDC	3.77%	$142.6M142.61M USDC	4.84%	87.0%
Arc MainV4USDC · $124.8M	$124.8M124.86M USDC	<0.01%	$1.16M1.16M USDC	0.04%base rate	0.9%
InkUSDC · $67.09M	$67.09M67.10M USDC	4.27%	$49.45M49.45M USDC	6.50%	73.7%
AvalancheUSDC · $63.62M	$63.62M63.63M USDC	3.47%	$55.99M55.99M USDC	4.40%	88.0%
PolygonUSDC · $28.12M	$28.12M28.12M USDC	3.32%	$17.96M17.97M USDC	6.60%	63.9%
Ethereum MainV4USDC · $14.65M	$14.65M14.65M USDC	5.04%	$12.31M12.31M USDC	6.06%base rate	92.5%