Steakhouse USDT V2 (steakUSDT) stablecoin analytics
steakUSDT is Steakhouse's curated Morpho ERC-4626 lending vault over USDT; share price accrues borrower interest with FIFO withdrawal queue on Morpho liquidity.
Static Profile
Static stablecoin profile
Steakhouse USDT V2 (steakUSDT) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
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.
AI summary / Updated Jun 12, 2026
Steakhouse USDT is not a new dollar; it is a MetaMorpho vault share over USDT, with yield coming from borrower interest in Steakhouse-curated lending markets. The trust stack is Tether first, Morpho market liquidity second, and Steakhouse curator discipline third, which is...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- 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
- ERC-4626-style Morpho vault shares appreciate against USDT as borrower interest accrues; withdrawals redeem vault shares for available USDT liquidity or wait for Morpho market liquidity to return
- Jurisdiction
- Panama
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Snippet Answer
Is steakUSDT safe?
Pharos does not mark steakUSDT as absolutely safe. Static metadata says Steakhouse USDT 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 steakusdt-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.
steakUSDT quick answers
What is Steakhouse USDT V2 (steakUSDT)?
steakUSDT is Steakhouse's curated Morpho ERC-4626 lending vault over USDT; 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 USDT as borrower interest accrues; withdrawals redeem vault shares for available USDT liquidity or wait for Morpho market liquidity to return
What backs steakUSDT?
Pharos classifies steakUSDT backing as Crypto-Collateralized. Collateral, per the static profile: USDT 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 steakUSDT 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 steakUSDT, when applicable, appear in the dossier below.