USDS on Aave Ethereum Core

Live USDS Stablecoin (USDS) 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 2026-11-08 04:27 UTC

Supply APY

0.21%

earned by suppliers

Borrow APY, variable

5.70%

paid by borrowers

Total supplied

$5.01M

5.01M USDS

Total borrowed

$258K

258.08K USDS

Utilization

5.2%

share of supply that is lent out

Available to borrow

$4.75M

oracle price $0.9998

USDS 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	25.00%
Flash loans	Enabled
Supply cap used	5.01M of 25.00M USDS (20.0%)
Borrow cap used	258.08K of 20.00M USDS (1.3%)

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

Contracts

USDS token	0xdC03…384F
aToken (aEthUSDS)	0x32a6…4259
Variable debt token	0x490E…72Ff
Price oracle	0x94C7…6B02
Interest rate strategy	0x9ec6…FdFB
Pool	0x8787…A4E2

Links open the Ethereum block explorer.

USDS utilization and interest rate curve

Utilization is 5.2% right now. The chart shows how the rate responds as more of the supply gets borrowed.

Borrow APR Supply APR

Up to 92% utilization the borrow rate climbs gently from 5.50% to 6.25%. Past that point it climbs steeply, reaching 41.25% when everything is lent out. How Aave interest rates work.

About USDS on Aave Ethereum Core

USDS Stablecoin (USDS) is listed on the Aave V3 Ethereum Core market on Ethereum. Lenders have supplied $5.01M (5.01M USDS) and borrowers owe $258K, so 5.2% of the pool is lent out and $4.75M is left to borrow. The supply cap is 20% used.

Suppliers earn 0.21% a year, and variable-rate borrowers pay 5.70%. The rate follows utilization: up to 92% the borrow rate rises gently from 5.50% to 6.25%, and above that it climbs steeply to 41.25% when everything is lent out. At 5.2% now, the pool is below that point. Aave keeps 25% of the interest as its reserve factor.

USDS cannot be used as collateral on this market. Compare USDS rates on every Aave market.

A week ago suppliers earned 0.21% and borrowers paid 5.70%, with 4.9% of the pool lent out. Over the past 30 days, the supply rate ranged from 0.17% to 2.91%, and the borrow rate from 5.69% to 6.20% (one reading a day).