Steakhouse USDC V2 (steakUSDC) stablecoin analytics
steakUSDC is Steakhouse's curated Morpho ERC-4626 lending vault over USDC; share price accrues borrower interest with FIFO withdrawal queue on Morpho liquidity.
Static Profile
Static stablecoin profile
Steakhouse USDC V2 (steakUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Variant Relationship
Steakhouse USDC V2 (steakUSDC) 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 Jun 12, 2026
Steakhouse USDC is an immutable MetaMorpho vault share over USDC, so the base dollar is Circle's but the yield comes from borrowers in Steakhouse-curated Morpho markets. That distinction matters: the vault does not improve Circle's reserve story, it adds curator choices...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- USDC deposited into a Steakhouse-curated Morpho vault that allocates across Morpho lending markets backed by blue-chip crypto and real-world asset collateral
- Peg Mechanism
- ERC-4626-style Morpho 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
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is steakUSDC safe?
Pharos does not mark steakUSDC as absolutely safe. Static metadata says Steakhouse USDC V2 uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety steakusdc-steakhouse
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 Jun 12, 2026.
steakUSDC quick answers
What is Steakhouse USDC V2 (steakUSDC)?
steakUSDC is Steakhouse's curated Morpho ERC-4626 lending vault over USDC; share price accrues borrower interest with FIFO withdrawal queue on Morpho liquidity. The static profile records its US Dollar peg mechanism as: ERC-4626-style Morpho 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
What backs steakUSDC?
Pharos classifies steakUSDC backing as Crypto-Collateralized. Collateral, per the static profile: USDC deposited into a Steakhouse-curated Morpho vault that allocates across Morpho lending markets backed by blue-chip crypto and real-world asset collateral Reserve evidence: live reserve feed configured.
Can steakUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for steakUSDC, when applicable, appear in the dossier below.