Gauntlet USDC Prime (gtUSDCp) stablecoin analytics
Answer First
What is Gauntlet USDC Prime (gtUSDCp)?
gtUSDCp is the Gauntlet-curated MetaMorpho V2 vault for USDC, an ERC-4626 wrapper compounding USDC lending yield across permissioned Morpho markets. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 MetaMorpho V2 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 gtUSDCp safe?
gtUSDCp holds a B+ Safety Score grade (77/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Gauntlet USDC Prime uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Gauntlet USDC Prime (gtUSDCp) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant Relationship
Gauntlet USDC Prime (gtUSDCp) 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.
AI summary / Updated Sep 7, 2026
Gauntlet USDC Prime is the V2 line: three immutable Morpho vault deployments on Ethereum, Base, and Arbitrum that turn USDC into curated exposure over permissioned Morpho Blue markets backed by blue-chip crypto and real-world asset collateral. Immutability is the strongest thing on the card. Each vault mints shares only against its chain-local USDC, the share-gate setters on the Ethereum V2 vault have been abdicated so the curator cannot switch on transfer gating, and the parameter Safes steer allocations and...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Morpho: Gauntlet USDC Prime V2 vault
- Collateral
- USDC deposited into a Gauntlet-curated MetaMorpho V2 vault on Morpho Blue; the curator allocates across permissioned USDC lending markets backed by blue-chip crypto and real-world asset collateral
- Peg Mechanism
- ERC-4626 MetaMorpho V2 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety gtusdcp-gauntlet
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
gtUSDCp quick answers
What is Gauntlet USDC Prime (gtUSDCp)?
gtUSDCp is the Gauntlet-curated MetaMorpho V2 vault for USDC, an ERC-4626 wrapper compounding USDC lending yield across permissioned Morpho markets. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 MetaMorpho V2 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 gtUSDCp safe?
gtUSDCp holds a B+ Safety Score grade (77/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Gauntlet USDC Prime uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs gtUSDCp?
Pharos classifies gtUSDCp backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into a Gauntlet-curated MetaMorpho V2 vault on Morpho Blue; the curator allocates across permissioned USDC lending markets backed by blue-chip crypto and real-world asset collateral Reserve evidence: live reserve feed configured.
Can gtUSDCp be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for gtUSDCp, when applicable, appear in the dossier below.
