Steakhouse USDC V2 (steakUSDC) stablecoin analytics
Answer First
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 USDC-denominated NAV accounting 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
Is steakUSDC safe?
steakUSDC holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly 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.
Static Profile
Static stablecoin profile
Steakhouse USDC V2 (steakUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
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 Sep 7, 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. The vault leaves Circle's reserve story unchanged and adds curator choices, lending collateral, and withdrawal liquidity on top of it. Pharos treats the wrapper minting as deposit-only share accounting while inheriting the underlying USDC issuer risk and tracking the Steakhouse governance surface separately. That governance surface is what holds...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 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.
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 Sep 7, 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 USDC-denominated NAV accounting 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
Is steakUSDC safe?
steakUSDC holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly 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.
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.
