---
title: "Gauntlet USDC Prime (gtUSDCp) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/gtusdcp-gauntlet/"
description: "Build-time stablecoin profile for Gauntlet USDC Prime (gtUSDCp). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Gauntlet USDC Prime (gtUSDCp)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

gtUSDCp is the Gauntlet-curated MetaMorpho V2 USDC vault, an ERC-4626 wrapper compounding {{term:yield-bearing}}lending yield{{/term}} across permissioned Morpho Blue markets on Base and Ethereum. Gauntlet USDC Prime (gtUSDCp) is a MetaMorpho V2 vault on Morpho Blue curated by Gauntlet. The curator allocates USDC across permissioned Morpho markets backed by blue-chip crypto, {{term:rwa}}RWA{{/term}}, and yield-bearing collateral, then keeps the vault's risk parameters live. The largest deployment is on Base ($352M), with a $101M Ethereum V2 deployment; together it ranks as one of the largest curated USDC vaults across MetaMorpho. Share price appreciates against USDC as borrower interest accrues; withdrawals depend on Morpho market liquidity and the curator's allocation discipline.

## 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

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x8c106eedad96553e64287a5a6839c3cc78afa3d0` | 18 |
| base | `0xee8f4ec5672f09119b96ab6fb59c27e1b7e44b61` | 18 |
| arbitrum | `0x7c574174da4b2be3f705c6244b4bfa0815a8b3ed` | 18 |

## Live Data

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