---
title: "Gauntlet USDT Prime V2 (gtUSDTp) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/gtusdtp-gauntlet/"
description: "Build-time stablecoin profile for Gauntlet USDT Prime V2 (gtUSDTp). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-10-02"
---



# Gauntlet USDT Prime V2 (gtUSDTp)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Gauntlet USDT Prime V2 compounds USDT lending interest through a Gauntlet-curated Morpho V2 strategy. Holders own proportional vault shares whose value can fall when lending losses are recognized, rather than a direct claim on the parent issuer's reserves. The current immediate custody and lender positions are observable on-chain, but independent vault financial assurance, legal segregation and insolvency priority are not established. Ordinary redemptions depend on idle assets and the selected liquidity adapter; permissionless force-deallocation can recover other available market assets but cannot turn borrowed positions into immediately available dollars. Reviewed Safe configurations identify parameter controllers without establishing independent signers or a guaranteed stressed exit.

## Collateral

USDT-denominated idle balances and lender positions in Gauntlet-curated Morpho markets. Borrower collateral, valuation and market liquidity vary; the share does not represent cash held solely at the parent issuer.

## Peg Mechanism

ERC-4626 deposits exchange USDT for NAV-bearing shares. Borrower interest and configured fee-share accrual change assets per share; realized lending losses can reduce NAV. Withdraw/redeem burns shares for idle USDT and liquidity from the configured adapter; force-deallocation is separate and cannot create liquidity in fully borrowed markets.

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xf3557ad5e984211ac8a0874a670344f2c3376471` | 18 |

## Live Data

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