⌘K

USDC(USDC)

Token Price$1+0.00%over 24h

All Time HighNov 14, 2018$1.04

All Time LowMar 11, 2023$0.88

Key Metrics

Market Cap$69.645b

Fully Diluted Valuation$69.652b

Circ. Supply69.659b USDC

Volume 24h$2.3b

CEX$2.3b

Spot$2.296b

USD Perp$4.33m

COIN Perp$0

DEX$88,418

Spot$88,418

USD Perp$0

COIN Perp$0

Open Interest$17.88m

CEX$17.88m

USD Perp$17.88m

COIN Perp—

DEX—

USD Perp—

COIN Perp—

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Category:Stablecoins

Risks

How much debt can be issued against USDC as collateral across lending protocols.

Maximum possible exposure to USDC

$265.02m

$52.31m (max additional borrows against USDC) + $212.71m (bad debt if USDC was hacked now)

Compound V3

$21.32m at-risk exposure = $102,729 bad debt if hacked + $21.22m additional borrowable against USDC

Fluid

$21.12m at-risk exposure = $2.27m bad debt if hacked + $18.85m additional borrowable against USDC

Euler V2

$6.45m at-risk exposure = $478,043 bad debt if hacked + $5.97m additional borrowable against USDC

HyperLend Pooled

$4.76m at-risk exposure = — bad debt if hacked + $4.76m additional borrowable against USDC

Neverland

$1.33m at-risk exposure = — bad debt if hacked + $1.33m additional borrowable against USDC

Morpho V1

$455,774 at-risk exposure = $280,240 bad debt if hacked + $175,534 additional borrowable against USDC

Aave V3

$93.36m at-risk exposure = $93.36m bad debt if hacked + $0 additional borrowable against USDC

Maple

$116.23m at-risk exposure = $116.23m bad debt if hacked + $0 additional borrowable against USDC

SparkLend

$58.83 at-risk exposure = $58.83 bad debt if hacked + $0 additional borrowable against USDC

Methodology and limitations

Showing collateral exposure for USDC on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for USDC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Compound V3	Ethereum	USDC0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48	$20m	$91,019
Fluid	Ethereum	USDC0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48	$18.85m	$2.27m
HyperLend Pooled	Hyperliquid L1	USDC0xb88339cb7199b77e23db6e890353e22632ba630f	$4.76m	—
Euler V2	Ethereum	USDC0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48	$3.91m	$435,931
Euler V2	Unichain	USDC0x078d782b760474a361dda0af3839290b0ef57ad6	$1.52m	$16,544
Neverland	Monad	USDC0x754704bc059f8c67012fed69bc8a327a5aafb603	$1.33m	—
Compound V3	Base	USDC0x833589fcd6edb6e08f4c7c32d4f71b54bda02913	$530,367	—
Euler V2	Base	USDC0x833589fcd6edb6e08f4c7c32d4f71b54bda02913	$453,988	$16,378
Compound V3	Arbitrum	USDC0xaf88d065e77c8cc2239327c5edb3a432268e5831	$408,054	$11,709
Compound V3	OP Mainnet	USDC0x0b2c639c533813f4aa9d7837caf62653d097ff85	$284,388	$1

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Markets

Loading USDC markets...

Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 3506 pools

Pool	Reference	Protocol
1 aEthUSDCAave Ethereum USDC	USDC	Aave V3	$2.855b	+$531.64m	4.18%	—	Stable 81	31,691
2 syrupUSDCSyrup USDC	USDC	Maple	$2.342b	-$29.96m	5.13%	—	Stable 99	3,619
3 USDC	USDC	Hyperliquid Earn	$621.66m	—	4.14%	—	Stable 74	—
4 grove-steakUSDCGrove x Steakhouse USDC	USDC	Morpho Blue	$535.45m	-$6.08m	5.22%	—	Stable 85	472
5 jlUSDCjupiter lend USDC	USDC	Jupiter Lend	$475.07m	+$6.22m	6.14%6.12%+0.02%	—	Stable 78	14,022
6 sirloinUSDCSteakhouse High Yield USDC Edition	USDC	Morpho Blue	$460.95m	+$1.95m	6.03%3.56%+2.47%	—	Stable 90	59,020
7 gtUSDCpGauntlet USDC Prime	USDC	Morpho Blue	$399.09m	-$2.07m	5.22%	—	Stable 85	61,738
8 reUSDRe Protocol Deposit Token	reUSD	Re	$359.83m	+$9.76m	6.86%	—	Stable 99	915
9 cUSDCv3Compound USDC	USDC	Compound V3	$358.12m	-$9.48m	4.45%	—	Stable 76	3,764
10 sparkUSDCSpark USDC Vault	USDC	Morpho Blue	$353.93m	-$136.37m	4.69%	—	Stable 85	13,810

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Borrow

Showing 10 of 232 routes

Use USDCBorrow USDC

Collateral / Borrow	Protocol
1 USDC / JLPJLP/SOL/USDC Pool	Save	+17.27%	17.71%	0.45%	$59,261	65%
2 USDC / spSEI	Takara Lend🪂	+16.13%	18.15%	2.02%	$2.67m	75%
3 USDC / WSEI	Takara Lend🪂	+14.79%	18.15%	3.36%	$871,779	75%
4 USDC / cbBTCNeverland Markets	Neverland	+11.16%	8.18%3.22%+4.96%	-2.98%4.88%-7.86%	$54,692	85%
5 USDC / xBTCSOL/BTC Market	Kamino Lend	+10.61%	10.91%	0.31%	$659,973	80%
6 USDC / cbBTCSOL/BTC Market	Kamino Lend	+10.60%	10.91%	0.32%	$3.25m	80%
7 USDC / AUSD	Echelon Market	+9.47%	14.01%7.01%+7.00%	4.54%11.69%-7.15%	$76,665	80%
8 USDC / WETHSOL/BTC Market	Kamino Lend	+9.13%	10.91%	1.79%	$67,279	80%
9 USDC / WBTC	Scallop Lend	+7.64%	4.45%	-3.20%8.20%-11.39%	$70,432	85%
10 USDC / sAVAX	Benqi Lending	+7.21%	9.24%	2.03%	$53,493	80%

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Overview