# Credit Report — USDC

**Name:** USD Coin  
**Mint:** `EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v`  
**Status:** under-review  
**Generated:** 2026-05-08T13:54:00.973Z

## Live Metrics

- Total supply: $424.56M
- Total borrow: $397.39M
- Markets: 26

## Per-Market Exposure

| Market | Supply | Borrow | Supply APY | Borrow APY | Max LTV |
|---|---:|---:|---:|---:|---:|
| Main Market | $161.68M | $153.67M | 3.67% | 4.97% | 80% |
| Figure Market | $161.21M | $153.66M | 5.81% | 6.80% | 0% |
| OnRe Market | $34.95M | $31.54M | 5.69% | 7.05% | 0% |
| JLP Market | $25.72M | $23.82M | 3.69% | 4.44% | 0% |
| Superstate Opening Bell Market | $16.84M | $14.74M | 2.24% | 2.85% | 0% |
| Huma Market | $11.69M | $10.57M | 4.90% | 6.05% | 0% |
| xStocks Market | $6.08M | $4.82M | 3.47% | 4.91% | 80% |
| Maple Market | $4.05M | $3.20M | 2.45% | 3.46% | 0% |
| Bitcoin Market | $951.78K | $779.04K | 3.69% | 5.69% | 0% |
| Altcoins Market | $757.50K | $509.92K | 8.43% | 16.23% | 65% |
| Fartcoin Market | $516.86K | $23.76K | 0.14% | 3.98% | 0% |
| JTO Market | $61.29K | $15.22K | 0.88% | 4.48% | 0% |
| Zeus Bitcoin Market | $19.02K | $17.34K | 19.50% | 27.66% | 0% |
| Bonk Market | $15.83K | $13.94K | 16.97% | 24.92% | 0% |
| Solstice Market | $15.81K | $12.86K | 2.70% | 3.70% | 0% |
| Jupiter Market | $2.56K | $1.06K | 1.60% | 4.90% | 0% |
| PUMP Market | $1.74K | $1.50K | 12.28% | 18.27% | 0% |
| Flash Trade Market | $253.96 | $0.00 | 0.00% | 2.56% | 0% |
| Adrena Market | $178.84 | $0.00 | 0.00% | 12.07% | 0% |
| Apollo Market | $76.10 | $0.00 | 0.00% | 4.53% | 0% |
| Offchain Collateral Market | $10.07 | $9.97 | 4.42% | 4.46% | 0% |
| Altcoins Market | $5.58 | $0.00 | 0.00% | 3.03% | 65% |
| Metaplex Market | $0.40 | $0.00 | 0.00% | 10.66% | 0% |
| Altcoins Market | $0.10 | $0.00 | 0.00% | 5.06% | 65% |
| Superstate Opening Bell Market | $0.10 | $0.00 | 0.00% | 0.01% | 0% |
| Ethena Market | $0.10 | $0.00 | 0.00% | 0.01% | 0% |

## Regulatory & Compliance

_No updates yet._

## Token Operations

_No updates yet._

## Asset & Custody

_No updates yet._

## Technical

_No updates yet._

## Oracle

_1 update, latest first._

### 2026-05-06 17:08 — marius@axdevlabs.com

Smoke test: Pyth + Switchboard feeds verified, fallback configured.

## Price & Liquidity

_No updates yet._

## Oracle Pricing

_No updates yet._

## Smart Contract

_1 update, latest first._

### 2026-05-06 17:09 — marius@axdevlabs.com

Smoke test 2: attaching a small PNG.

- [smoke.png](https://prod-files-secure.s3.us-west-2.amazonaws.com/ea6994c2-3db6-474d-a408-fc07f5d65127/029ed410-5b2e-4193-85b5-8b57af32d737/smoke.png?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAZI2LB466QPRS5K4G%2F20260508%2Fus-west-2%2Fs3%2Faws4_request&X-Amz-Date=20260508T122430Z&X-Amz-Expires=3600&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEAQaCXVzLXdlc3QtMiJHMEUCIEA30HSMhsIjt3AzZegtmUfTpTFFufgkz3iM8CeEAy1jAiEAxo6zSYhbvxZRmE%2FHjjLViQLuiRPT6qRswzPy7czE13QqiAQIzf%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARAAGgw2Mzc0MjMxODM4MDUiDPZ9PYNlpRYUGg%2FSKyrcA6SXhF4aB2HAee4r1F23v6cxrYEhHBxXFtKwEZYgS6z5kH72zcuGnBIAPmSTIYYO%2FmTo%2B%2FpQXULsRD5u4S9XB1wK5tTMwj%2FhYGTdqLLb4drSjrf1ysDN8XEqNNXtWhirG%2FMqOzTnSTQLmP58qA%2FTt2rSsHbIS1hJMnStZD004IsxriEU8tbuM1IWjoMr5ebHVA46VtRM4rh5Bp63PrxS3l5lHyrXZKSMuG0ZyMVWGNoMhHNeRc0Xo77I7ZKSeahVUzMOWEh3SqH68FmX3xEKIOfB9s9h2uc1K68CTTQlsUBH2hFP44ODGmbk9aKk1u%2FnoFewVXxWTp7THZStOUCI1CeaHEPS%2BCARRDNxw4oJ4QnF0ipRsAco71UApOR%2BgAUM3oetYTS80RunsrLhiDNeWD27M%2FQB4TLQnj8hNpzt%2FVVPgv0aosJUguB%2FvitMx2w0DI33eR3tBHQBM1Pvjv1nV8TWnAU8Ehx3OSScYhRBqojWY49hRd92Eqqwp3v1kIK8S2Cm2ZGDU23UAxH4F%2BpYU%2FG8zX9L9WdGoh003T5czNPEXiG8nJ9sorrEUu9RrdeWFt0EWmsTBs0yp5DMpsCP6yfWwckzK65efcGXw9G0G8LUaEhbBA1kyJawZAR3MKmT988GOqUBKbzhBYfUcOGYi2P%2BPUt%2BVUbq86GnIMu5Tv0HsbQgjxBNMWOo%2BRxVLA%2FAzKZibG%2BK%2BS%2BOiJtQkyjO015aOtb%2BfZN%2BF7JowB84jU3efht3b5THsr41Mmy%2F0Dcq5jfHA67bOt%2FTDSmaagMSsWyOSzseT6YoTk0kSR1IfIPjzo0ISILVaXDFhjxJuHzakqi4Le1hjVKLaY4Oy%2FHJzHj1qjb%2F3ZL9pU3W&X-Amz-Signature=33fff1fbdccbb1d22c43c5b30d6cb56a0f3c2c7dd8cdbbfbae62bb3cf4633672&X-Amz-SignedHeaders=host&x-amz-checksum-mode=ENABLED&x-id=GetObject)

## De-peg

_No updates yet._

## Counterparty

_No updates yet._

## Market

_No updates yet._

## Correlations & Systemic

_No updates yet._

## Safeguards

_No updates yet._

## Issuance

_3 updates, latest first._

### 2026-05-07 09:04 — Marius

Set Issuer: Circle Internet Financial

### 2026-05-07 09:02 — Marius

Set Native/Bridged: Bridged

### 2026-05-06 19:52 — marius@axdevlabs.com

Bridge info smoke test: USDC on Solana is bridged via Wormhole from Ethereum.