USDC vaults
About USDC vaults
The current listing contains 1272 stablecoin vaults with $15.8B TVL. The last 30 days' average yield is 4.8%.
About Circle USDC
USD Coin (USDC) is a fully-reserved USD stablecoin issued by Circle. It is backed by cash and short-dated US government obligations held at regulated financial institutions. USDC is one of the most widely used stablecoins across DeFi and CeFi.
Stablecoin price 1 USDC = $1.00
USD Coin (USDC) is a fully-reserved, fiat-backed stablecoin issued by Circle. Each USDC token is backed 1:1 by cash and short-dated US government obligations held at regulated US financial institutions. Circle publishes monthly attestation reports from independent accountants confirming that reserves always equal or exceed the outstanding USDC supply. USDC is one of the two largest stablecoins by market capitalisation and a cornerstone of on-chain liquidity across DeFi and CeFi.
Issuance and reserves
USDC was originally launched in 2018 as a joint venture between Circle and Coinbase under the Centre Consortium; Circle became the sole issuer after acquiring the Centre infrastructure in 2023. Reserves are held in segregated accounts at US banks and in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), providing transparency and liquidity. USDC can be minted or redeemed directly by verified institutional and business accounts at a 1:1 rate.
Cross-chain and native issuance
Unlike bridged representations, Circle issues USDC natively on more than 20 blockchains, including Ethereum, Solana, Arbitrum, Base, Avalanche, Polygon, and others. Cross-chain transfers use Circle's Cross-Chain Transfer Protocol (CCTP), which burns USDC on the source chain and mints fresh native USDC on the destination chain, preserving fungibility and eliminating bridge custodial risk.
Regulatory standing
Circle holds money transmitter licences in 47 US states and Electronic Money Institution (EMI) status in several European jurisdictions. In 2025 the US Congress passed the GENIUS Act, which established a federal framework for payment stablecoin issuers; USDC's reserve structure was already substantively aligned with those requirements. The SEC confirmed in 2025 that "Covered Stablecoins" such as USDC do not constitute securities.
Key properties
- Fully reserved: cash and short-dated US Treasuries, attested monthly
- Natively issued on 20+ blockchains; cross-chain transfers via CCTP (burn-and-mint)
- Regulated US issuer with state money transmitter licences and European EMI status
- Widely integrated in DeFi protocols (Aave, Compound, Uniswap, Curve, etc.) and CeFi exchanges
Sources
1272
vaults TVL $16B Avg. return 4.82% Stablecoin-only Updated
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The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Borrowable USDC Deposit, SiloId: 148 Silo Finance | >9,999% | >9,999% | 400.4% | 19.0 | 33.4% | 0.0% | USDC | $26.91K $100.00K | 1.2 | 0.0%/ 0.0% | Instant | Low |  | ||
Apostro USDC Core Euler | >9,999% | >9,999% | 600.0% | 3.8 | 233.5% | 0.0% | USDC | $24.82K $10.14M | 1.3 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Mainstreet Greenhouse USDC Euler | >9,999% | 1,881.3% | 5,200.0% | 5.8 | 54.0% | 0.0% | USDC | $30.88K $1.70M | 1.1 | 0.0%/ 50.0% | Instant | Negligible |  | ||
Impermax Borrwable USDC of Equalizer:sAMM-eliteRingsScUSD/USDC LP Unknown vault protocol | >9,999%* | >9,999%* | >9,999%* | 9.5 | 283.9% | 0.0% | USDC | $463.76K $463.76K | 1.4 | --- | Unknown | Unknown |  | ||
Guinea Pool Lighter | >9,999% | 2,831.3% | 4.2% | 3.4 | 115.7% | -91.0% | USDC | $201.07K $5.31M | 1.1 | 0.0%/ 30.0% | 5m | Severe |  | ||
TAPTRADE Hyperliquid | >9,999% | 983.1% | -99.8% | 2.3 | 173.9% | -100.0% | USDC | $69.02K $1.62M | 1.6 | 0.0%/ 10.0% | Private | Severe |  | ||
Probot 2/7/15 Hyperliquid | >9,999% | >9,999% | -51.3% | 4.3 | 204.9% | -95.2% | USDC | $42.12K $46.76K | 0.5 | 0.0%/ 10.0% | 1d | Severe |  | ||
Brob Hyperliquid | >9,999% | >9,999% | 1,129.2% | 5.0 | 112.6% | -68.5% | USDC | $1.06M $1.42M | 0.6 | 0.0%/ 10.0% | 1d | Severe |  | ||
| TRADEMASTER.NINJA ALGO TRADING | Hyperliquid | >9,999% | 1,783.8% | -87.8% | 3.4 | 107.7% | -96.9% | USDC | $15.63K $85.94K | 1.2 | 0.0%/ 10.0% | 1d | Severe |  | ||
DOEZOE Hyperliquid | 5,995.6% | 1,420.0% | 207.8% | 2.3 | 293.4% | -61.8% | USDC | $27.09K $144.07K | 1.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
BredoStrategy Hyperliquid | 4,815.6% | 3,844.2% | 20.4% | 3.5 | 133.8% | -67.1% | USDC | $5.83M $6.58M | 0.6 | 0.0%/ 10.0% | 1d | Severe |  | ||
exactly USDC Unknown vault protocol | 4,678.0%* | 2,974.1%* | 2,904.3%* | 55.2 | 6.2% | 0.0% | USDC | $96.33K $563.01K | 3.9 | --- | Unknown | Unknown |  | ||
PCC Hyperliquid | 4,171.6% | 384.9% | -90.6% | 1.9 | 140.6% | -95.6% | USDC | $69.36K $512.33K | 1.7 | 0.0%/ 10.0% | Private | Severe |  | ||
Buyback Spread Engine Hyperliquid | 3,903.6% | 421.7% | 153.1% | 2.3 | 101.2% | -53.5% | USDC | $32.91K $39.57K | 1.1 | 0.0%/ 10.0% | 1d | Severe |  | ||
Aaroh Hyperliquid | 3,196.4% | 486.0% | 145.0% | 3.4 | 61.0% | -27.7% | USDC | $29.76K $29.76K | 0.5 | 0.0%/ 10.0% | 1d | Severe |  | ||
AJ Pro Hyperliquid | 2,543.9% | 197.9% | -89.1% | 2.6 | 50.8% | -97.2% | USDC | $37.65K $37.66K | 1.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
The Black-White 15 IQ gap is genetic Hyperliquid | 1,903.5% | 613.9% | -15.7% | 3.4 | 70.1% | -64.0% | USDC | $76.63K $82.16K | 1.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
Jade Lotus Capital Hyperliquid | 1,479.3% | 571.0% | 106.0% | 2.3 | 116.9% | -57.2% | USDC | $1.11M $1.13M | 1.4 | 0.0%/ 10.0% | 1d | Severe |  | ||
Value token strategy Hyperliquid | 1,425.7% | 2,627.8% | 89.4% | 4.5 | 87.3% | -40.1% | USDC | $351.43K $447.50K | 0.7 | 0.0%/ 10.0% | Private | Severe |  | ||
Elsewhere Hyperliquid | 1,346.6% | 457.4% | -23.5% | 2.7 | 80.2% | -94.3% | USDC | $724.20K $1.78M | 2.2 | 0.0%/ 10.0% | Private | Severe |  | ||
BULBUL2DAO Hyperliquid | 1,311.0% | -0.7% | 161.3% | 0.3 | 60.6% | -65.6% | USDC | $440.86K $528.56K | 1.8 | 0.0%/ 10.0% | 1d | Severe |  | ||
Sistema Integrado Monetizado (SIM Funds) Hyperliquid | 1,246.1% | 308.5% | 17.4% | 2.4 | 74.4% | -25.9% | USDC | $26.40K $27.71K | 0.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
FLEXIBLE POOL Lighter | 1,076.6% | 5,181.5% | 127.7% | 4.4 | 102.0% | -61.5% | USDC | $127.55K $127.55K | 1.0 | 0.0%/ 10.0% | 5m | Severe |  | ||
V4 Alpha Quantum Hyperliquid | 1,010.5% | 203.1% | 31.4% | 2.0 | 73.1% | -27.8% | USDC | $27.59K $27.69K | 0.6 | 0.0%/ 10.0% | 1d | Severe |  | ||
Casia Vault Shares Unknown vault protocol | 939.8%* | --- | 36.1%* | 46.2 | 4.0% | 0.0% | USDC | $150.55K $151.09K | 0.2 | --- | Unknown | Unknown |  | ||
CVTB Hyperliquid | 913.2% | 191.3% | -50.6% | 1.5 | 171.4% | -82.3% | USDC | $215.39K $305.38K | 0.5 | 0.0%/ 10.0% | Private | Severe |  | ||
Christ is King Lighter | 710.7% | --- | 29.4% | 3.9 | 59.0% | -9.5% | USDC | $145.79K $146.90K | 0.1 | 0.0%/ 10.0% | 5m | Severe |  | ||
bullmarket tings Hyperliquid | 628.9% | 153.6% | -89.0% | 1.6 | 85.8% | -93.9% | USDC | $44.30K $158.94K | 1.9 | 0.0%/ 10.0% | Private | Severe |  | ||
Fund Inception Hyperliquid | 591.8% | 289.5% | -3.4% | 3.5 | 45.5% | -49.1% | USDC | $169.06K $174.40K | 0.8 | 0.0%/ 10.0% | 1d | Severe |  | ||
Luk Cap Hyperliquid | 587.0% | 443.4% | -91.1% | 2.2 | 111.9% | -96.3% | USDC | $13.31K $16.08K | 2.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
Rhova - Market Maker defesa( hedge) Hyperliquid | 551.1% | -4.8% | -96.5% | 0.4 | 97.3% | -97.5% | USDC | $838.89K $1.22M | 0.9 | 0.0%/ 10.0% | 1d | Severe |  | ||
ABRC Euler | 530.5% | >9,999% | 2,000.0% | 4.4 | 356.8% | 0.0% | USDC | $11.43K $236.30K | 1.1 | 0.0%/ 0.0% | Instant | Negligible |  | ||
ETH Funding Rate Vault Unknown vault protocol | 516.8%* | 775.6%* | 4,258.8%* | 6.6 | 34.0% | -18.3% | USDC | $20.75K $21.14K | 1.5 | --- | Unknown | Unknown |  | ||
Aquila Chrysaetos Hyperliquid | 478.5% | 450.8% | 74.8% | 4.2 | 46.0% | -17.7% | USDC | $115.35K $143.58K | 1.2 | 0.0%/ 10.0% | Private | Severe |  | ||
DailyTradeAI Low risk Hyperliquid | 451.0% | 640.6% | -86.0% | 2.0 | 211.6% | -97.9% | USDC | $126.73K $504.83K | 2.1 | 0.0%/ 10.0% | 1d | Severe |  | ||
1212.Alpha Lagoon Finance | 426.4% | --- | 20.2% | 3.8 | 38.8% | -5.5% | USDC | $2.02M $2.02M | 0.1 | 0.0%/ 0.0% | Unknown | Low |  | ||
Fadorador Hyperliquid | 410.7% | 632.1% | -14.9% | 2.3 | 127.1% | -85.9% | USDC | $13.44K $14.23K | 1.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
gogogo Hyperliquid | 344.8% | --- | 12.7% | 1.5 | 146.4% | -28.2% | USDC | $65.12K $90.25K | 0.1 | 0.0%/ 10.0% | 1d | Severe |  | ||
JC Arbitrum Enzyme | 341.2% | 1,884.4% | 9.5% | 3.5 | 100.9% | -60.5% | USDC | $59.66K $76.82K | 0.9 | 0.5%/ 0.0% | Unknown | Low |  | ||
korea wins again Hyperliquid | 316.2% | -71.2% | -27.5% | -1.0 | 86.1% | -47.5% | USDC | $149.51K $193.93K | 0.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
Targen Vertex Plus Enzyme | 312.2% | --- | 30.6% | 4.3 | 43.1% | -4.7% | USDC | $7.63M $7.73M | 0.2 | 3.2%/ 10.0% | Unknown | Low |  | ||
Enjoyooor V3 Hyperliquid | 303.4% | 1,390.1% | 35.6% | 2.9 | 123.0% | -58.3% | USDC | $2.42M $2.89M | 0.5 | 0.0%/ 10.0% | Private | Severe |  | ||
137S MHF Long & Short I Hyperliquid | 295.7% | 52.4% | 10.9% | 1.8 | 27.2% | -7.1% | USDC | $40.07K $42.01K | 0.4 | 0.0%/ 10.0% | Private | Severe |  | ||
Hyperrr Hyperliquid | 294.6% | -94.1% | 1,104.5% | -2.6 | 91.0% | -71.7% | USDC | $1.66M $2.90M | 1.8 | 0.0%/ 10.0% | Private | Severe |  | ||
137S Long Guard I Hyperliquid | 279.2% | 68.1% | 13.7% | 2.3 | 25.5% | -6.4% | USDC | $41.67K $41.67K | 0.4 | 0.0%/ 10.0% | Private | Severe |  | ||
SpaceX Hyperliquid Synth Lagoon Finance | 270.0% | --- | 26.0% | 4.8 | 41.4% | -6.3% | USDC | $18.28K $18.80K | 0.1 | 1.0%/ 0.0% | Unknown | Low |  | ||
137S IF Long I Hyperliquid | 263.5% | 59.4% | 12.2% | 2.2 | 25.0% | -6.5% | USDC | $54.14K $54.14K | 0.4 | 0.0%/ 10.0% | Private | Severe |  | ||
Steady Wealth Builder Lighter | 261.1% | 184.2% | 55.9% | 13.2 | 7.9% | -3.2% | USDC | $72.33K $72.33K | 0.4 | 0.0%/ 20.0% | 5m | Severe |  | ||
Sequoia HyperStable Yield Optimizer Hyperliquid | 256.9% | 758.8% | -30.5% | 2.1 | 220.7% | -94.4% | USDC | $17.75K $31.58K | 1.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
Mahamor Hyperliquid | 250.8% | 562.6% | -96.0% | 2.4 | 106.3% | -99.0% | USDC | $10.78K $39.80K | 2.8 | 0.0%/ 10.0% | 1d | Severe |  | ||
Total Reboot Hyperliquid | 233.1% | 489.4% | -68.8% | 2.4 | 100.3% | -84.9% | USDC | $35.43K $50.77K | 2.6 | 0.0%/ 10.0% | 1d | Severe |  | ||
Fluegel DAO Unknown vault protocol | 230.7%* | 1,198.0%* | -31.2%* | 2.3 | 141.4% | -83.8% | USDC | $367.16K $1.01M | 2.2 | --- | Unknown | Unknown |  | ||
Targen Vertex C Enzyme | 219.7% | --- | 36.0% | 4.2 | 51.3% | -6.2% | USDC | $16.94M $17.73M | 0.2 | 3.2%/ 0.0% | Unknown | Low |  | ||
Growi_test Hyperliquid | 213.7% | 79.1% | 30.3% | 1.8 | 40.2% | -14.0% | USDC | $14.14K $14.14K | 0.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
Hill View Assets Enzyme | 201.2% | 232.9% | 29.0% | 2.5 | 51.8% | -52.8% | USDC | $22.01K $1.22M | 3.6 | 0.5%/ 0.0% | Unknown | Low |  | ||
Walled Fund Liquid Enzyme | 170.8% | --- | 38.0% | 3.4 | 55.4% | -8.7% | USDC | $274.75K $300.37K | 0.2 | 0.5%/ 0.0% | Private | Low |  | ||
P10X Capital Enzyme | 161.6% | 382.0% | -43.1% | 3.1 | 59.3% | -69.3% | USDC | $1.44M $2.23M | 1.0 | 1.5%/ 13.0% | Unknown | Low |  | ||
DeFi COINoisseurs Enzyme | 139.6% | 1,275.4% | -9.9% | 3.9 | 74.9% | -61.4% | USDC | $54.26K $63.80K | 0.9 | 1.0%/ 5.0% | Private | Low |  | ||
Bitcoin Moving Average Long/Short Hyperliquid | 138.8% | -36.3% | -30.5% | -0.2 | 81.5% | -44.6% | USDC | $2.49M $3.90M | 1.0 | 0.0%/ 10.0% | 1d | Severe |  | ||
HighFDV Hyperliquid | 132.4% | -64.7% | -65.7% | -1.2 | 67.4% | -91.1% | USDC | $11.28K $12.22K | 2.4 | 0.0%/ 10.0% | 1d | Severe |  | ||
Tropical I Enzyme | 120.7% | 478.8% | -22.0% | 3.6 | 51.7% | -70.4% | USDC | $395.96K $722.27K | 2.5 | 2.5%/ 20.0% | Unknown | Low |  | ||
SaiberAssetsClub - LTGF Enzyme | 118.5% | 489.9% | -27.4% | 3.6 | 53.9% | -73.6% | USDC | $151.75K $369.87K | 2.3 | 0.5%/ 0.0% | Unknown | Low |  | ||
Mojomix - mojomix.io Enzyme | 114.1% | 351.8% | 0.4% | 3.3 | 49.0% | -66.0% | USDC | $136.90K $374.53K | 4.6 | 0.5%/ 19.0% | Private | Low |  | ||
DOUBLETOP Vault Hyperliquid | 113.9% | 136.1% | 25.1% | 3.2 | 30.9% | -6.5% | USDC | $6.57M $6.87M | 0.3 | 0.0%/ 10.0% | 1d | Severe |  | ||
Artemis Trust Enzyme | 112.4% | 281.0% | 14.7% | 3.1 | 46.1% | -62.1% | USDC | $127.85K $304.48K | 2.8 | 2.5%/ 20.0% | Private | Low |  | ||
Titan Vault Hyperliquid | 109.7% | 47.1% | 7.3% | 5.3 | 8.0% | -77.5% | USDC | $27.44K $27.90K | 1.4 | 0.0%/ 10.0% | 1d | Severe |  | ||
RedCoast Hyperliquid | 108.3% | 36.3% | 7.2% | 1.2 | 33.2% | -16.2% | USDC | $320.28K $444.44K | 0.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
Probot 5/9/12 Hyperliquid | 106.6% | -51.0% | 68.8% | -0.7 | 68.9% | -42.1% | USDC | $62.30K $198.21K | 0.8 | 0.0%/ 10.0% | 1d | Severe |  | ||
Raetia Enzyme | 105.2% | 222.1% | -30.4% | 1.5 | 139.1% | -52.8% | USDC | $11.60K $16.66K | 0.7 | 3.5%/ 25.1% | Private | Low |  | ||
Cold Process Hyperliquid | 102.6% | 185.8% | 139.8% | 3.9 | 30.1% | -13.6% | USDC | $215.08K $215.08K | 0.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
Vapor Vault Hyperliquid | 101.1% | -78.8% | -92.6% | -0.8 | 116.0% | -95.8% | USDC | $21.11K $61.40K | 1.5 | 0.0%/ 10.0% | Private | Severe |  | ||
Ewpple DeFi Crypto Index Fund Enzyme | 94.4% | 273.8% | 79.3% | 3.1 | 45.1% | -57.6% | USDC | $16.75K $26.26K | 4.2 | 1.5%/ 10.0% | Unknown | Low |  | ||
K3 Capital Cluster Euler | 91.9% | 93.3% | 91.4% | 6.2 | 10.7% | 0.0% | USDC | $50.69K $7.77M | 1.4 | 0.0%/ 10.0% | Instant | Negligible |  | ||
Prime CORE 5 Enzyme | 91.4% | 249.6% | 38.9% | 3.0 | 44.6% | -27.1% | USDC | $456.17K $497.65K | 0.7 | 0.5%/ 0.0% | Private | Low |  | ||
Black Ops Hyperliquid | 91.0% | 155.9% | -0.4% | 2.7 | 41.6% | -32.4% | USDC | $1.59M $1.65M | 0.7 | 0.0%/ 10.0% | 1d | Severe |  | ||
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