USDC on Aave Monad

Live USDC rates on the Aave V3 Monad 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

4.39%

earned by suppliers

Borrow APY, variable

5.33%

paid by borrowers

Total supplied

$121.4M

121.42M USDC

Total borrowed

$111.8M

111.80M USDC

Utilization

92.1%

share of supply that is lent out

Available to borrow

$9.62M

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	121.42M of 200.00M USDC (60.7%)
Borrow cap used	111.80M of 148.00M USDC (75.5%)

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

Contracts

USDC token	0x7547…b603
aToken (aMonUSDC)	0x35a7…6042
Variable debt token	0x9F55…c4e4
Price oracle	0x7879…F0D9
Interest rate strategy	0x1f6F…8211
Pool	0x69a5…2fef

Links open the Monad block explorer.

USDC utilization and interest rate curve

Utilization is 92.1% 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 0.00% to 5.00%. Past that point it climbs steeply, reaching 25.00% 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 (4)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
syrupUSDC__Stablecoins	90.00%	92.00%	4.00%	No	Yes
USDe_sUSDe__Stablecoins	90.00%	92.00%	4.00%	No	Yes
PT_Agora__Stablecoins	93.00%	95.00%	2.44%	No	Yes
PT_AUSD_17DEC2026__Stablecoins	93.00%	95.00%	2.34%	No	Yes

About USDC on Aave Monad

USDC is listed on the Aave V3 Monad market. Lenders have supplied $121.4M (121.42M USDC) and borrowers owe $111.8M, so 92.1% of the pool is lent out and $9.62M is left to borrow. The supply cap is 61% used.

Suppliers earn 4.39% a year, and variable-rate borrowers pay 5.33%. The rate follows utilization: up to 92% the borrow rate rises gently from 0.00% to 5.00%, and above that it climbs steeply to 25.00% when everything is lent out. At 92.1% 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 9th highest supply rate. Its borrow rate is the 16th lowest of the 25 markets with at least $250K of USDC to lend. A week ago suppliers earned 4.21% and borrowers paid 5.12%, with 91.9% of the pool lent out. Over the past 30 days, the supply rate ranged from 3.96% to 18.67%, and the borrow rate from 4.96% to 21.48% (one reading a day).