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
Supply APY
3.58%
earned by suppliers
Borrow APY, variable
4.42%
paid by borrowers
Total supplied
$2.85B
2.85B USDC
Total borrowed
$2.57B
2.57B USDC
Utilization
90.4%
share of supply that is lent out
Available to borrow
$27.68M
oracle price $0.9998
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
Averages published by Aave's API
Borrow APY Supply APY
| Day | Supply APY | Borrow APY |
|---|
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 | 2.85B of 3.50B USDC (81.3%) |
| Borrow cap used | 2.57B of 2.60B USDC (98.9%) |
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 rate history
Recorded once a day by Aave Tracker
USDC utilization and interest rate curve
Utilization is 90.4% 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 4.50%. Past that point it climbs steeply, reaching 14.50% 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 (25) | Max LTV | Liquidation threshold |
|---|---|---|
| sUSDe Stablecoins | 90.00% | 92.00% |
| PT-sUSDe Stablecoins Jul 2025 | 90.00% | 92.00% |
| PT-eUSDe Stablecoins May 2025 | 91.00% | 93.00% |
| PT-USDe Stablecoins July 2025 | 91.00% | 93.00% |
| USDe Stablecoin | 90.00% | 93.00% |
| PT-eUSDe Stablecoins August 2025 | 91.00% | 93.00% |
| eUSDe_Stablecoin | 90.00% | 93.00% |
| PT-sUSDe Stablecoins September 2025 | 90.00% | 92.00% |
| PT-USDe Stablecoins September 2025 | 91.00% | 93.00% |
| tETH/Stablecoins | 72.00% | 75.00% |
| ezETH/Stablecoins | 75.00% | 78.00% |
| PT-sUSDe Stablecoins Nov 2025 | 90.00% | 92.00% |
| PT-USDe Stablecoins Nov 2025 | 91.00% | 93.00% |
| PTUSDe5FEB/Stablecoins | 91.00% | 93.00% |
| PTsUSDe5FEB/Stablecoins | 90.00% | 92.00% |
| PT_USDe_7MAY2026__Stablecoins | 91.00% | 93.00% |
| PT_sUSDe_7MAY2026__Stablecoins | 90.00% | 92.00% |
| PT_srUSDe_2APR2026_sUSDe__USDT_USDe_USDC | 90.00% | 92.00% |
| LINK__USDC_USDT | 66.00% | 71.00% |
| EURC__USDC_USDT_GHO | 75.00% | 78.00% |
| rsETH__USDC_USDT | 75.00% | 78.00% |
| XAUt__USDC_USDT_GHO | 70.00% | 75.00% |
| PT_srUSDe_25JUN2026__Stablecoins | 90.00% | 92.00% |
| PT_USDG_28MAY2026__Stablecoins | 93.80% | 95.80% |
| PT-srUSDe Stablecoins | 90.00% | 92.00% |
About USDC on Aave Ethereum Core
USD Coin (USDC) is listed on the Aave V3 Ethereum Core market on Ethereum. Lenders have supplied $2.85B (2.85B USDC) and borrowers owe $2.57B, so 90.4% of the pool is lent out and $27.68M is left to borrow. The supply cap is 81% used.
Suppliers earn 3.58% a year, and variable-rate borrowers pay 4.42%. The rate follows utilization: up to 94% the borrow rate rises gently from 0.00% to 4.50%, and above that it climbs steeply to 14.50% when everything is lent out. At 90.4% 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.
Among the 22 Aave markets with at least $1M of USDC supplied, this one pays the 14th highest supply rate. Its borrow rate is the 10th lowest of the 25 markets with at least $250K of USDC to lend. A week ago suppliers earned 3.92% and borrowers paid 4.65%, with 94.0% of the pool lent out. Over the past 30 days, the supply rate ranged from 3.21% to 8.18%, and the borrow rate from 4.19% to 9.45% (one reading a day).
USDC on Aave Ethereum Core: quick answers
What is the USDC supply APY on Aave Ethereum Core?
3.58% a year right now. It is paid out of what borrowers pay and changes with every deposit, loan and repayment.
What is the USDC borrow rate on Aave Ethereum Core?
The variable borrow APY is 4.42%. It rises with utilization, now 90.4%. The exact daily history of what borrowers really paid is on the USDC borrow rate tracker.
Can I use USDC as collateral on Aave Ethereum Core?
No, USDC is not accepted as collateral on this market, although it can still be supplied to earn interest.
How much USDC can be borrowed on Aave Ethereum Core right now?
$27.68M (27.69M USDC) is available. The borrow cap is 99% used.
Where else can I supply or borrow USDC on Aave?
The best supply rate is 9.47% on Linea. The cheapest borrow rate is 3.42% on the Arc Main spoke (V4). Only markets with real liquidity are counted.
USDC on other Aave markets
The same asset, different rates
| Market | Supply APY | Borrow APY |
|---|---|---|
| ArbitrumUSDC · $204.6M | 2.90% | 3.98% |
| BaseUSDC · $196.6M | 5.13% | 6.27% |
| Arc MainV4USDC · $124.6M | 2.48% | 3.42%base rate |
| MonadUSDC · $121.4M | 4.39% | 5.33% |
| AvalancheUSDC · $67.35M | 4.65% | 5.70% |
| InkUSDC · $65.49M | 4.29% | 6.50% |
| Ethereum MainV4USDC · $55.73M | 4.59% | 5.61%base rate |
| PolygonUSDC · $25.84M | 3.75% | 7.02% |
