---
title: "Steakhouse USDT V2 (steakUSDT) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/steakusdt-steakhouse/"
description: "Build-time stablecoin profile for Steakhouse USDT V2 (steakUSDT). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Steakhouse USDT V2 (steakUSDT)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** CeFi-Dependent

**Status:** active

## Overview

the USDT-denominated twin of steakUSDC, accruing Morpho lending interest while inheriting Tether issuer risk underneath. Steakhouse USDT mirrors the Steakhouse USDC setup on top of USDT: an ERC-4626 Morpho lending vault with NAV appreciation and liquidity-dependent {{term:redemption}}redemption{{/term}} capacity. The entry gives Pharos separate visibility into the vault while preserving the Tether dependency.

## 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

| Country | Regulator | License |
| --- | --- | --- |
| Panama | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xbeef003c68896c7d2c3c60d363e8d71a49ab2bf9` | 18 |

## Live Data

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