USDC on Aave Mantle

Live USD Coin (USDC) rates on the Aave V3 Mantle 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

1.47%

earned by suppliers

Borrow APY, variable

2.72%

paid by borrowers

Total supplied

$497K

496.85K USDC

Total borrowed

$300K

300.25K USDC

Utilization

60.4%

share of supply that is lent out

Available to borrow

$197K

oracle price $0.9998

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	Enabled
Supply cap used	496.85K of 25.00M USDC (2.0%)
Borrow cap used	300.25K of 22.50M USDC (1.3%)

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

Contracts

USDC token	0x09Bc…0dF9
aToken (aManUSDC)	0xcb81…304F
Variable debt token	0xCea4…8Fc0
Price oracle	0x3876…04fB
Interest rate strategy	0x0a21…E54a
Pool	0x458F…1422

Links open the Mantle block explorer.

USDC utilization and interest rate curve

Utilization is 60.4% 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 0.00% to 4.00%. Past that point it climbs steeply, reaching 14.00% 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 (5)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
sUSDe Stablecoins	90.00%	92.00%	4.00%	No	Yes
USDe Stablecoins	90.00%	93.00%	2.00%	No	Yes
fBTC Stablecoins	75.00%	79.00%	8.00%	No	Yes
syrupUSDT Stablecoins	90.00%	92.00%	4.00%	No	Yes
WMNT__Stablecoins	40.00%	45.00%	10.00%	No	Yes

About USDC on Aave Mantle

USD Coin (USDC) is listed on the Aave V3 Mantle market. Lenders have supplied $497K (496.85K USDC) and borrowers owe $300K, so 60.4% of the pool is lent out and $197K is left to borrow. The supply cap is 2% used.

Suppliers earn 1.47% a year, and variable-rate borrowers pay 2.72%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 4.00%, and above that it climbs steeply to 14.00% when everything is lent out. At 60.4% 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.

A week ago suppliers earned 3.19% and borrowers paid 4.01%, with 88.6% of the pool lent out. Over the past 30 days, the supply rate ranged from 1.41% to 3.25%, and the borrow rate from 2.66% to 4.06% (one reading a day).