Live market
Stablecoin lending rates, live
A stablecoin lending rate is what a lending market currently pays somebody who deposits a dollar stablecoin into it, and the rates on this page are read from those markets each time the page is served.
Read from the lending markets as this page rendered. A rate here is what the protocol is paying right now, not an average and not a promise.
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every staking, lending and vault rate we can read, filterable, which is this page with the lid off.
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| Stablecoin | Market | Chain | Rate |
|---|---|---|---|
| FRAX | Aave v3 FRAX Lending | avalanche-c | 26.08% |
| GHO | Aave v3 GHO Lending | avalanche-c | 9.20% |
| USDC | Aave v3 USDC Lending | avalanche-c | 5.43% |
| USDt | Aave v3 USDt Lending | avalanche-c | 5.14% |
| DAI | Aave v3 DAI Lending | polygon | 4.72% |
| USDT | Aave v3 USDT Lending | arbitrum | 4.06% |
| USDC | Aave v3 USDC Lending | polygon | 3.27% |
| USDC | Aave v3 USDC Lending | arbitrum | 3.17% |
| USDT | Aave v3 USDT Lending | polygon | 3.11% |
| USDT | Aave v3 USDT Lending | optimism | 2.92% |
The ten highest stablecoin lending rates we can read, at 2026-09-23 02:12 UTC, through our own keyless relay and refreshed at most every five minutes. Variable rates that move with how much of each market is borrowed, quoted before any fee to enter or leave.
Who is paying you, and why
A deposit into a lending market is borrowed by someone else, and the interest they pay is where your rate comes from. Nobody is generating a return out of nothing: the rate is the price a borrower has agreed to, less a share taken by the protocol. That is worth holding onto, because it tells you what has to keep being true for the rate to survive, which is that people keep wanting to borrow.
The rate is variable, and it moves with how much is borrowed
Most of these markets set the rate from utilisation, the share of deposits currently lent out. When borrowing rises the rate climbs to attract more deposits, and when it falls the rate sinks. A figure on this page is therefore true at the moment it was read and can be materially different an hour later. Anything quoting a single number as the rate for a stablecoin, without a time, is quoting an average that nobody was paid.
Why the same coin pays different rates on different chains
The same stablecoin appears several times in the table on different networks, at different rates, and that is not an error. Each market is separate, with its own depositors, borrowers and utilisation, and moving between them costs a bridge and a transaction. The gaps persist because closing them is work, which is the same reason the funding spreads on our arbitrage page persist.
What an unusually high rate is usually telling you
When one row pays several times what the others pay, the useful assumption is that something specific is happening: a small market where a single large borrow has spiked utilisation, a token with thinner liquidity, or an incentive that ends. High rates on lending markets are rarely free money and usually information. The risks underneath all of them are the same three: the contract itself, the stablecoin holding its peg, and getting out at the moment everybody else wants to.
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Three working apps that read this kind of market. Open one, change it, and publish your own.
- Yield
every staking, lending and vault rate we can read, filterable, which is this page with the lid off.
- The Garden
a household portfolio showing where money is staked and what it is forecast to become.
- Family Office
watches real balances across addresses, so a rate becomes a number against your own holdings.
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