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steakUSDT profile facts

Steakhouse USDT V2 (steakUSDT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDT-denominated NAV.

CeFi-DependentCrypto-CollateralizedUSDT-denominated NAV

Variant relationship

Steakhouse USDT V2 (steakUSDT) is modeled as a strategy vault variant of Tether (USDT). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.

Strategy vault variantSpark Savings USDT (spUSDT)sky.money USDT Savings (skyMoneyUsdtSavings)Spark Blue Chip USDT Vault (sparkUSDTbc)Maple syrupUSDT (syrupUSDT)
Collateral
USDT 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
Morpho V2 ERC-4626 shares represent a USDT strategy position. Interest and fees change assets per share, and losses can reduce the share price. Withdrawals use idle USDT first and the configured liquidity adapter for any shortfall; execution depends on available liquidity.
Jurisdiction
Panama
Proof of reserves
No proof-of-reserves entry in the static profile.
Contracts
1 deployment tracked across Ethereum.

Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.

steakUSDT quick answers

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What is Steakhouse USDT V2 (steakUSDT)?

steakUSDT is Steakhouse's Morpho V2 USDT lending vault; shares accrue yield, can absorb losses, and redeem against idle and adapter liquidity. The static profile records its USDT-denominated NAV accounting mechanism as: Morpho V2 ERC-4626 shares represent a USDT strategy position. Interest and fees change assets per share, and losses can reduce the share price.

Is steakUSDT safe?

As of Nov 8, 2026, Pharos grades steakUSDT B- (66/100) on its Safety Score. Pharos's reviews record that freeze exposure is inherited through upstream collateral, custody or wrappers, and any holder can use its reviewed redemption route. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

What backs steakUSDT?

Pharos records steakUSDT's reserves as of Jul 14, 2026 as 100% USDT deposited into Steakhouse-curated Morpho lending markets. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.

Can steakUSDT be frozen or blacklisted?

Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies.

How do you redeem steakUSDT?

Under the route Pharos reviewed on May 11, 2026, any holder can redeem steakUSDT for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.