---
title: "Yearn v3 USDC Vault (yvUSDC-1) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/yvusdc-yearn/"
description: "Build-time stablecoin profile for Yearn v3 USDC Vault (yvUSDC-1). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Yearn v3 USDC Vault (yvUSDC-1)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Canonical Yearn v3 USDC vault routing through Aave, Compound, Morpho, and Sky; ~$30M Ethereum AUM with queue-based withdrawals and centralized strategy selection.

yvUSDC-1 is the canonical Yearn v3 USDC vault: an ERC-4626 {{term:yield-bearing}}yield-bearing{{/term}} share token whose price appreciates against USDC as Yearn's strategy allocator rotates underlying capital across whitelisted yield strategies (Aave, Compound, Morpho, Sky, and similar). The Ethereum vault holds about $30M of USDC. {{term:redemption}}Withdrawals{{/term}} route through Yearn v3's queue and depend on aggregate strategy liquidity; centralised strategy selection sits with Yearn governance.

## Collateral

USDC allocated by Yearn v3 strategy allocator across whitelisted yield strategies (Aave, Compound, Morpho, Sky and similar protocols) selected by Yearn governance

## Peg Mechanism

ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xbe53a109b494e5c9f97b9cd39fe969be68bf6204` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/yvusdc-yearn.