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



# Steakhouse Confidential Prime USDC (steakcUSDC)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Steakhouse Confidential Prime USDC here identifies the public ERC-20 steakcUSDC vault share, not a separate confidential receipt. Zama's confidential deposit surface routes into the Morpho lending strategy, whose reviewed public vault holds USDC lender positions against blue-chip crypto collateral. Deposits into this public vault use a whitelist gate, while share transfers and direct withdrawals have zero gates whose setters are abdicated. Ordinary withdrawals return available USDC at NAV; lending losses can lower that NAV and no full-supply stressed exit is guaranteed. A Steakhouse supervisor owned by a five-of-ten Safe can replace the curator immediately despite separate delays on ownership and allocation actions. Confidential entry does not establish legal segregation, independent financial assurance or protection against underlying USDC freezing.

## Collateral

USDC in the Steakhouse-curated Morpho Vault V2 on ethereum, held idle or lent through its MorphoMarketV1AdapterV2; borrower collateral and credit losses remain local strategy exposure

## Peg Mechanism

ERC-4626 shares accrue net USDC lending interest and realize losses at NAV. Ordinary withdraw/redeem uses idle USDC and the configured liquidity adapter, subject to liquidity; force-deallocation and in-kind exits are separate, not guaranteed dollar settlement

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xbeef00a59b577423653a1526c7009bde103f542b` | 18 |

## Live Data

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