⌘K

USDC(USDC)

Token Price$1-0.03%over 24h

All Time HighNov 14, 2018$1.04

All Time LowMar 11, 2023$0.88

Key Metrics

Market Cap$71.109b

Fully Diluted Valuation$71.171b

Circ. Supply71.153b USDC

Volume 24h$3.514b

CEX$3.514b

Spot$3.508b

USD Perp$6.14m

COIN Perp$0

DEX$71,910

Spot$71,910

USD Perp$0

COIN Perp$0

Open Interest$15.84m

CEX$15.84m

USD Perp$15.84m

COIN Perp—

DEX—

USD Perp—

COIN Perp—

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Categories:RWA Stablecoins

Risks

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

Maximum possible exposure to USDC

$248.32m

$23.95m (max additional borrows against USDC) + $224.37m (bad debt if USDC was hacked now)

Compound V3

$11.17m at-risk exposure = $84,556 bad debt if hacked + $11.09m additional borrowable against USDC

Euler V2

$7.12m at-risk exposure = $464,156 bad debt if hacked + $6.66m additional borrowable against USDC

HyperLend Pooled

$4.94m at-risk exposure = — bad debt if hacked + $4.94m additional borrowable against USDC

Neverland

$1.1m at-risk exposure = — bad debt if hacked + $1.1m additional borrowable against USDC

Morpho V1

$461,746 at-risk exposure = $292,249 bad debt if hacked + $169,497 additional borrowable against USDC

Aave V3

$107.33m at-risk exposure = $107.33m bad debt if hacked + $0 additional borrowable against USDC

Maple

$116.2m at-risk exposure = $116.2m 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	$10.32m	$72,961
HyperLend Pooled	Hyperliquid L1	USDC0xb88339cb7199b77e23db6e890353e22632ba630f	$4.94m	—
Euler V2	Ethereum	USDC0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48	$4.26m	$435,128
Euler V2	Unichain	USDC0x078d782b760474a361dda0af3839290b0ef57ad6	$1.67m	$16,797
Neverland	Monad	USDC0x754704bc059f8c67012fed69bc8a327a5aafb603	$1.1m	—
Euler V2	Base	USDC0x833589fcd6edb6e08f4c7c32d4f71b54bda02913	$640,630	$2,658
Compound V3	Arbitrum	USDC0xaf88d065e77c8cc2239327c5edb3a432268e5831	$345,598	$11,594
Compound V3	Base	USDC0x833589fcd6edb6e08f4c7c32d4f71b54bda02913	$271,140	—
Compound V3	OP Mainnet	USDC0x0b2c639c533813f4aa9d7837caf62653d097ff85	$144,638	$1
Morpho V1	World Chain	USDC0x79a02482a880bce3f13e09da970dc34db4cd24d1	$111,441	$2,267

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Markets

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Token Usage

Token usage needs a subscription

Liquidations

Token liquidations need a subscription

Yields

Showing 10 of 3369 pools

Pool	Reference	Protocol
1 syrupUSDCSyrup USDC	USDC	Maple	$2.494b	-$55.37m	5.16%	—	Stable 99	3,570
2 aEthUSDCAave Ethereum USDC	USDC	Aave V3	$2.348b	+$91.31m	4.15%	—	Stable 82	30,975
3 USDC	USDC	Hyperliquid Earn	$622.81m	—	4.76%	—	Stable 73	—
4 grove-steakUSDCGrove x Steakhouse USDC	USDC	Morpho Blue	$546.19m	+$128.91m	5.05%	—	Stable 86	299
5 sparkUSDCSpark USDC Vault	USDC	Morpho Blue	$486.74m	+$64.11m	4.46%	—	Stable 86	13,373
6 jlUSDCjupiter lend USDC	USDC	Jupiter Lend	$454.85m	-$38.66m	6.27%6.15%+0.12%	—	Stable 77	14,021
7 sirloinUSDCSteakhouse High Yield USDC Edition	USDC	Morpho Blue	$451.39m	-$19.88m	5.98%3.38%+2.59%	—	Stable 90	56,452
8 gtUSDCpGauntlet USDC Prime	USDC	Morpho Blue	$401.93m	-$8.37m	4.96%	—	Stable 86	54,017
9 cUSDCv3Compound USDC	USDC	Compound V3	$375.13m	-$12.01m	4.72%	—	Stable 79	3,735
10 reUSDRe Protocol Deposit Token	reUSD	Re	$349.77m	+$9.95m	6.88%	—	Stable 98	918

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Borrow

Showing 10 of 238 routes

Use USDCBorrow USDC

Collateral / Borrow	Protocol
1 USDC / JLPJLP/SOL/USDC Pool	Save	+16.07%	16.49%	0.42%	$59,261	65%
2 USDC / enzoBTC	Takara Lend🪂	+11.71%	11.71%	0.00%	$21.02m	75%
3 USDC / M-BTC	Takara Lend🪂	+11.71%	11.71%	0.00%	$3.5m	75%
4 USDC / uBTC	Takara Lend🪂	+11.71%	11.71%	<0.01%	$17.91m	75%
5 USDC / cbBTCNeverland Markets	Neverland	+10.80%	8.72%3.03%+5.69%	-2.08%5.02%-7.10%	$51,707	85%
6 USDC / cbBTCSOL/BTC Market	Kamino Lend	+10.16%	10.45%	0.29%	$3.25m	80%
7 USDC / xBTCSOL/BTC Market	Kamino Lend	+10.15%	10.45%	0.30%	$576,438	80%
8 USDC / spSEI	Takara Lend🪂	+9.69%	11.71%	2.02%	$2.87m	75%
9 USDC / WETHSOL/BTC Market	Kamino Lend	+8.70%	10.45%	1.75%	$57,858	80%
10 USDC / WSEI	Takara Lend🪂	+8.38%	11.71%	3.34%	$852,965	75%

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Overview