USDC on Aave V4 Arc Main

Live USDC rates on the Aave V4 Main spoke on Arc. On V4 every borrower pays the hub's base rate, and a personal risk premium can be added depending on the collateral behind the loan.

Data from Aave's V4 API · updated 2026-11-08 04:21 UTC

Supply APY

2.48%

earned by suppliers

Base borrow rate

3.42%

before any risk premium

Supplied here

$124.6M

124.59M USDC

Borrowed here

$49.10M

49.11M USDC

Hub utilization

73.9%

Core hub, all spokes

Available to borrow

$20.58M

price $0.9998

USDC supply and borrow rate history

Averages published by Aave's V4 API

Risk settings on this spoke

Can be used as collateral	No
Collateral factor	–
Collateral risk score	0.00%
Max liquidation bonus	–
Liquidation fee	10.00%
Supply cap used	124.59M of 200.00M USDC (62.3%)
Borrow cap used	49.11M of 69.70M USDC (70.5%)

The collateral factor decides how much you can borrow against this asset. The risk score feeds the borrower's risk premium: the safer the collateral, the lower the premium. How V4 works.

Where the liquidity comes from

Hub	Core hub
Supplied across the hub	$124.6M
Borrowed across the hub	$92.10M
Spokes sharing it	3
Liquidity fee	10.00%
USDC token	0x3600…0000
Spoke contract	0xB843…134d
Hub contract	0x1728…F79C

USDC utilization and interest rate curve

Hub utilization is 73.9% right now. Set by the Core hub: how the base rate responds as more of the supply gets borrowed.

Base borrow rate Supply rate

Up to 90% utilization the base rate climbs gently from 0.00% to 4.10%. Past that point it climbs steeply, reaching 14.10% when everything is lent out.

About USDC on the Main spoke

USDC is listed on the Aave V4 Main spoke on Arc, which draws its liquidity from the Core hub. On this spoke $124.6M is supplied and $49.10M borrowed, nearly all of the USDC in the hub, which is shared by 3 spokes. $20.58M is available to borrow.

Suppliers earn 2.48% a year, and borrowers pay the hub's base rate of 3.42% plus a personal risk premium that depends on the collateral behind their loan. The hub is 73.9% borrowed. Up to 90% the base rate rises gently from 0.00% to 4.10%; above that it climbs steeply to 14.10% when everything is lent out.

USDC cannot be used as collateral on this spoke. The best USDC supply rate elsewhere on Aave is 9.47% on Linea. The cheapest place to borrow it is the Arc Forex 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 22nd highest supply rate. Its base borrow rate is the lowest of the 25 markets with at least $250K of USDC to lend. A week ago suppliers earned 2.88% and the base borrow rate was 3.72%, with the hub 80.3% lent out. Over the past 30 days, the supply rate ranged from 1.98% to 14.61%, and the base borrow rate from 3.06% to 15.14% (one reading a day).

USDC on Aave V4 Main: quick answers

What is the USDC supply APY on Aave V4 Main?

2.48% a year right now. It is paid out of what borrowers across the Core hub pay and changes with every deposit, loan and repayment.

What does it cost to borrow USDC on Aave V4 Main?

The base borrow rate is 3.42%. On Aave V4 each borrower also pays a risk premium on top, set by the collateral behind their loan, so the rate you pay can be higher.

Can I use USDC as collateral on Aave V4 Main?

No, USDC is not accepted as collateral on this spoke, although it can be supplied to earn interest.

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 Forex spoke (V4). Only markets with real liquidity are counted.

USDC elsewhere on Aave

V3 markets and other V4 spokes

USDC rates on every Aave market →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum CoreUSDC · $2.85B	$2.85B2.85B USDC	3.58%	$2.57B2.57B USDC	4.42%	90.4%
ArbitrumUSDC · $204.6M	$204.6M204.66M USDC	2.90%	$167.0M166.99M USDC	3.98%	81.6%
BaseUSDC · $196.7M	$196.7M196.78M USDC	5.08%	$179.6M179.64M USDC	6.22%	91.3%
MonadUSDC · $121.4M	$121.4M121.42M USDC	4.39%	$111.8M111.80M USDC	5.33%	92.1%
AvalancheUSDC · $67.35M	$67.35M67.36M USDC	4.65%	$61.31M61.32M USDC	5.70%	91.0%
InkUSDC · $65.49M	$65.49M65.51M USDC	4.29%	$48.52M48.53M USDC	6.50%	74.1%
Ethereum MainV4USDC · $55.73M	$55.73M55.74M USDC	4.59%	$38.62M38.63M USDC	5.61%base rate	91.4%
PolygonUSDC · $25.84M	$25.84M25.85M USDC	3.75%	$17.53M17.53M USDC	7.02%	67.8%