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gtUSDC profile facts

Gauntlet USDC Prime V1 (gtUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.

Variant relationship

Gauntlet USDC Prime V1 (gtUSDC) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.

Collateral
USDC deposited into a Gauntlet-curated MetaMorpho vault on Morpho Blue; the curator allocates across conservative USDC lending markets secured by blue-chip crypto (WBTC, cbBTC, wstETH, WETH)
Peg mechanism
ERC-4626 MetaMorpho vault shares appreciate against USDC as borrower interest accrues; withdrawals redeem vault shares for available USDC liquidity or wait for Morpho market liquidity to return
Jurisdiction
Not disclosed in the static profile.
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
1 deployment tracked across Ethereum.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

gtUSDC quick answers

5
What is Gauntlet USDC Prime V1 (gtUSDC)?

gtUSDC is the Gauntlet-curated MetaMorpho V1 vault for USDC, an ERC-4626 wrapper compounding USDC lending yield across selected Morpho markets. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 MetaMorpho vault shares appreciate against USDC as borrower interest accrues; withdrawals redeem vault shares for available USDC liquidity or wait for Morpho market liquidity to return.

Is gtUSDC safe?

As of Nov 8, 2026, Pharos grades gtUSDC B (72/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers, and any holder can use its reviewed redemption route. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs gtUSDC?

Pharos records gtUSDC's reserves in its review of Jul 14, 2026 as 100% USDC deposited into Gauntlet-curated Morpho lending markets. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.

Can gtUSDC be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.

How do you redeem gtUSDC?

Under the route Pharos reviewed on May 12, 2026, any holder can redeem gtUSDC for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.