USDC (USDC) Lending & Borrowing Rates
USDC is a fully-backed stablecoin issued by Circle. It is the most widely used stablecoin for lending and borrowing across both DeFi and CeFi platforms.
Last updated: August 23, 2026Live via DeFi Llama
USDC Lending Rates (Earn Yield)
USDC lending is where the yield is. Because borrowing demand for stablecoins is consistently high, USDC lenders earn 2-10% APY — significantly more than BTC or ETH lending. It is the go-to asset for passive income strategies.
| Platform | Type | Lend APY | Risk | KYC | |
|---|---|---|---|---|---|
| Euler v2 | DeFi | 12.67% | 5/10 | None | Visit Site |
| CoinRabbit | CeFi | 10.00% | 5/10 | None | Visit Site |
| Nexo | CeFi | 8.50% | 4/10 | Required | Visit Site |
| Figure (Democratized Prime) | CeFi | 7.90% | 3/10 | Required | Visit Site |
| Morpho | DeFi | 5.50% | 4/10 | None | Visit Site |
| Compound V3 | DeFi | 4.92% | 3/10 | None | Visit Site |
| Fluid | DeFi | 4.80% | 5/10 | None | Visit Site |
| Ledn | CeFi | 4.25% | 3/10 | Required | Visit Site |
| Aave V3 | DeFi | 3.57% | 3/10 | None | Visit Site |
| Spark | DeFi | 3.52% | 3/10 | None | Visit Site |
USDC Borrowing Rates
USDC borrowing is less common since users typically borrow stablecoins against crypto collateral (receiving USDC as the loan). Borrow rates reflect the high demand, typically 3-6% APR on DeFi protocols.
| Platform | Type | Borrow APR | Max LTV | Risk | |
|---|---|---|---|---|---|
| Nexo | CeFi | 2.50% | 75% | 4/10 | Visit Site |
| Fluid | DeFi | 4.00% | — | 5/10 | Visit Site |
| Morpho | DeFi | 4.50% | — | 4/10 | Visit Site |
| Ledn | CeFi | 5.50% | 75% | 3/10 | Visit Site |
| Compound V3 | DeFi | 5.89% | — | 3/10 | Visit Site |
| Aave V3 | DeFi | 8.90% | 77% | 3/10 | Visit Site |
| CoinRabbit | CeFi | 12.00% | 80% | 5/10 | Visit Site |
| Euler v2 | DeFi | 15.16% | — | 5/10 | Visit Site |
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Disclaimer: Rates shown are approximate and change frequently. DeFi protocol rates are variable. CeFi rates may differ by account tier. Always verify current rates on the platform. Crypto lending involves significant risk. Some links may be affiliate links — see our affiliate disclosure.
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