Keyrock Prime USDC (krUSDC) stablecoin analytics
Answer First
What is Keyrock Prime USDC (krUSDC)?
krUSDC is Keyrock's USDC lending vault on Arc; shares redeem at NAV when liquidity is available and bear strategy losses. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
Is krUSDC safe?
Pharos does not mark krUSDC as absolutely safe. Static metadata says Keyrock Prime USDC 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
Keyrock Prime USDC (krUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant Relationship
Keyrock Prime USDC (krUSDC) 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 Oct 2, 2026
Keyrock Prime USDC places deposited USDC into a Morpho lending market backed by cirBTC collateral. Its share value follows the vault's net assets, so borrower interest can increase the conversion rate while lending losses reduce it. The owner is a single externally owned account, and fee-setting actions have no configured delay. Share-transfer and direct withdrawal gates are disabled with their setter authority abdicated, although the deposit gate remains mutable.
- Collateral
- USDC lender positions in a single Morpho market secured by cirBTC on Arc
- Peg Mechanism
- ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Arc.
Next Actions
Exact bot target: /subscribe dews,depeg,safety krusdc-keyrock
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 Oct 2, 2026.
krUSDC quick answers
What is Keyrock Prime USDC (krUSDC)?
krUSDC is Keyrock's USDC lending vault on Arc; shares redeem at NAV when liquidity is available and bear strategy losses. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 shares accrue lending interest and realize losses against USDC; direct redemption uses idle USDC and a configured liquidity adapter, subject to market liquidity. In-kind deallocation retains underlying lending-position exposure.
Is krUSDC safe?
Pharos does not mark krUSDC as absolutely safe. Static metadata says Keyrock Prime USDC 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 krUSDC?
Pharos classifies krUSDC backing as Crypto-Collateralized. Collateral, per the static profile: USDC lender positions in a single Morpho market secured by cirBTC on Arc Reserve evidence: live reserve feed configured.
Can krUSDC 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 krUSDC, when applicable, appear in the dossier below.
