---
title: "KPK USDC Prime (KPK_USDC_Prime) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/kpkusdcprime-kpk/"
description: "Build-time stablecoin profile for KPK USDC Prime (KPK_USDC_Prime). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-10-02"
---



# KPK USDC Prime (KPK_USDC_Prime)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

KPK USDC Prime compounds USDC lending interest through a KPK-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. The curator Safe has an enabled module whose permissions are not closure-complete, so its nominal signer threshold does not bound every execution path.

## Collateral

USDC-denominated idle balances and lender positions in KPK-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 USDC 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 USDC and liquidity from the configured adapter; force-deallocation is separate and cannot create liquidity in fully borrowed markets.

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x4ef53d2caa51c447fdfeeedee8f07fd1962c9ee6` | 18 |

## Live Data

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