USDG on Aave V4 PAXG Gold

Live Global Dollar (USDG) rates on the Aave V4 PAXG Gold 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

2.80%

plus rewards

Base borrow rate

3.95%

before any risk premium

Supplied here

$661K

661.04K USDG

Borrowed here

$841K

840.62K USDG

Hub utilization

88.8%

Global Dollar hub, all spokes

Available to borrow

$4.14M

price $1.0000

USDG 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	0.00%
Supply cap used	661.04K of 5.00M USDG (13.2%)
Borrow cap used	840.62K of 9.50M USDG (8.8%)

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	Global Dollar hub
Supplied across the hub	$36.88M
Borrowed across the hub	$32.76M
Spokes sharing it	3
Liquidity fee	20.00%
USDG token	0xe343…491D
Spoke contract	0xAD75…62C2
Hub contract	0x62d6…0368

USDG utilization and interest rate curve

Hub utilization is 88.8% right now. Set by the Global Dollar 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 24.00% when everything is lent out.

USDG elsewhere on Aave

V3 markets and other V4 spokes

Compare all →

Market	Total supplied	Supply APY	Total borrowed	Borrow APY	Utilization
Ethereum MainV4USDG · $75.46M	$75.46M75.46M USDG	2.35%	$37.99M37.99M USDG	3.61%base rate	81.4%
Ethereum Maple SyrupUSDGV4USDG (Global Dollar hub) · $36.11M	$36.11M36.11M USDG	2.80%	$31.92M31.92M USDG	3.95%base rate	88.8%
Ethereum CoreUSDG · $7.08M	$7.08M7.08M USDG	2.96%	$5.41M5.41M USDG	4.89%	76.4%
InkUSDG · $1.82M	$1.82M1.82M USDG	1.43%	$1.04M1.04M USDG	2.79%	57.1%
X LayerUSDG · $1.49M	$1.49M1.49M USDG	2.81%	$1.10M1.10M USDG	4.25%	74.0%
Ethereum Maple SyrupUSDGV4USDG (Core hub) · $0	$00 USDG	2.35%	$10.00M10.00M USDG	3.61%base rate	81.4%
Ethereum BluechipV4USDG · $0	$00 USDG	2.35%	$272K271.59K USDG	3.61%base rate	81.4%
Ethereum USDG PendleV4USDG (Core hub) · $0	$00 USDG	2.35%	$9.81M9.81M USDG	3.61%base rate	81.4%