USDC on Aave V4 Main

Live USD Coin (USDC) rates on the Aave V4 Main spoke on Ethereum. 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 08:51 UTC

Supply APY

5.04%

plus rewards

Base borrow rate

6.06%

before any risk premium

Supplied here

$14.65M

14.65M USDC

Borrowed here

$12.31M

12.31M USDC

Hub utilization

92.5%

Core hub, all spokes

Available to borrow

$1.51M

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	78.00%
Collateral risk score	0.00%
Max liquidation bonus	5.00%
Liquidation fee	10.00%
Supply cap used	14.65M of 40.00M USDC (36.6%)
Borrow cap used	12.31M of 36.00M USDC (34.2%)

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	$19.94M
Borrowed across the hub	$18.45M
Spokes sharing it	5
Liquidity fee	10.00%
USDC token	0xA0b8…eB48
Spoke contract	0x94e7…c485
Hub contract	0xCca8…26c9

USDC utilization and interest rate curve

Hub utilization is 92.5% 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 92% utilization the base rate climbs gently from 0.00% to 5.00%. Past that point it climbs steeply, reaching 25.00% 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	3.60%	$2.18B2.18B USDC	4.38%	91.6%
BaseUSDC · $181.8M	$181.8M181.86M USDC	3.70%	$159.8M159.80M USDC	4.70%	87.9%
ArbitrumUSDC · $181.2M	$181.2M181.19M USDC	2.93%	$153.9M153.89M USDC	3.85%	84.9%
MonadUSDC · $163.9M	$163.9M163.94M USDC	3.77%	$142.6M142.61M USDC	4.84%	87.0%
Arc MainV4USDC · $124.8M	$124.8M124.86M USDC	<0.01%	$1.16M1.16M USDC	0.04%base rate	0.9%
InkUSDC · $67.09M	$67.09M67.10M USDC	4.27%	$49.45M49.45M USDC	6.50%	73.7%
AvalancheUSDC · $63.62M	$63.62M63.63M USDC	3.47%	$55.99M55.99M USDC	4.40%	88.0%
PolygonUSDC · $28.12M	$28.12M28.12M USDC	3.32%	$17.96M17.97M USDC	6.60%	63.9%