USDC on Aave V4 Forex

Live USD Coin (USDC) rates on the Aave V4 Forex spoke on Avalanche. 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 2026-09-21 08:03 UTC

Supply APY

0.40%

plus rewards

Base borrow rate

1.40%

before any risk premium

Supplied here

$920K

919.79K USDC

Borrowed here

$43.1K

43.14K USDC

Hub utilization

31.6%

Core hub, all spokes

Available to borrow

$907K

price $0.9999

USDC supply and borrow rate history

Averages published by Aave's V4 API

Risk settings on this spoke

Can be used as collateral	Yes
Collateral factor	90.00%
Collateral risk score	0.00%
Max liquidation bonus	2.00%
Liquidation fee	10.00%
Supply cap used	919.79K of 1.00M USDC (92.0%)
Borrow cap used	43.14K of 950.00K USDC (4.5%)

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	$10.91M
Borrowed across the hub	$3.45M
Spokes sharing it	2
Liquidity fee	10.00%
USDC token	0xB97E…8a6E
Spoke contract	0x6a37…B514
Hub contract	0xd073…Df6e

USDC interest rate curve

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 4.00%. Past that point it climbs steeply, reaching 14.00% when everything is lent out.

USDC elsewhere on Aave

V3 markets and other V4 spokes

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum CoreUSDC · $2.38B	$2.38B2.38B USDC	3.69%	$2.21B2.21B USDC	4.44%	92.7%
ArbitrumUSDC · $183.8M	$183.8M183.79M USDC	2.83%	$153.5M153.52M USDC	3.78%	83.5%
BaseUSDC · $181.6M	$181.6M181.57M USDC	3.71%	$159.8M159.80M USDC	4.70%	88.0%
MonadUSDC · $153.3M	$153.3M153.30M USDC	4.19%	$140.5M140.51M USDC	5.11%	91.7%
Arc MainV4USDC · $124.8M	$124.8M124.86M USDC	<0.01%	$1.15M1.15M USDC	0.04%base rate	0.9%
InkUSDC · $67.12M	$67.12M67.12M USDC	4.27%	$49.45M49.45M USDC	6.50%	73.7%
AvalancheUSDC · $63.72M	$63.72M63.72M USDC	3.45%	$55.98M55.98M USDC	4.39%	87.9%
PolygonUSDC · $28.12M	$28.12M28.12M USDC	3.32%	$17.96M17.96M USDC	6.60%	63.9%