USDC on Aave Polygon

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

3.75%

earned by suppliers

Borrow APY, variable

7.02%

paid by borrowers

Total supplied

$25.84M

25.85M USDC

Total borrowed

$17.53M

17.53M USDC

Utilization

67.8%

share of supply that is lent out

Available to borrow

$7.47M

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	20.00%
Flash loans	Enabled
Supply cap used	25.85M of 50.00M USDC (51.7%)
Borrow cap used	17.53M of 25.00M USDC (70.1%)

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

Contracts

USDC token	0x3c49…3359
aToken (aPolUSDCn)	0xA4D9…62BD
Variable debt token	0xE701…b030
Price oracle	0x31Eb…49Fb
Interest rate strategy	0x5607…8B1A
Pool	0x794a…14aD

Links open the Polygon block explorer.

USDC utilization and interest rate curve

Utilization is 67.8% 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 9.00%. Past that point it climbs steeply, reaching 19.00% 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 (2)	Max LTV	Liquidation threshold	Penalty	As collateral	Borrowable
Stablecoins	91.25%	94.25%	1.00%	Yes	No
AAVE__USDCn_USDT	63.00%	70.00%	7.50%	No	Yes

About USDC on Aave Polygon

USD Coin (USDC) is listed on the Aave V3 Polygon market. Lenders have supplied $25.84M (25.85M USDC) and borrowers owe $17.53M, so 67.8% of the pool is lent out and $7.47M is left to borrow. The supply cap is 52% used.

Suppliers earn 3.75% a year, and variable-rate borrowers pay 7.02%. The rate follows utilization: up to 90% the borrow rate rises gently from 0.00% to 9.00%, and above that it climbs steeply to 19.00% when everything is lent out. At 67.8% now, the pool is below that point. Aave keeps 20% 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 12th highest supply rate. Its borrow rate is the 25th lowest of the 25 markets with at least $250K of USDC to lend. A week ago suppliers earned 3.84% and borrowers paid 7.11%, with 68.7% of the pool lent out. Over the past 30 days, the supply rate ranged from 3.03% to 3.89%, and the borrow rate from 6.30% to 7.15% (one reading a day).