Steakhouse Prime USDC (steakUSDC) stablecoin analytics
Answer First
What is Steakhouse Prime USDC (steakUSDC)?
steakUSDC is Steakhouse's Morpho Vault V2 over USDC; withdrawals use idle USDC and a configured liquidity adapter, while strategy losses can reduce share price. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 Morpho Vault V2 shares accrue strategy interest and realize losses against USDC; withdrawals use idle assets and the configured liquidity adapter, subject to available market liquidity
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 Prime USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that no direct freeze-control signal is recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Steakhouse Prime USDC (steakUSDC) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant Relationship
Steakhouse Prime USDC (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.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- USDC deposited into a Steakhouse-curated Morpho Vault V2 that aims to lend against blue-chip crypto and real-world asset collateral markets depending on market conditions
- Peg Mechanism
- ERC-4626 Morpho Vault V2 shares accrue strategy interest and realize losses against USDC; withdrawals use idle assets and the configured liquidity adapter, subject to available market liquidity
- 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 Prime USDC (steakUSDC)?
steakUSDC is Steakhouse's Morpho Vault V2 over USDC; withdrawals use idle USDC and a configured liquidity adapter, while strategy losses can reduce share price. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 Morpho Vault V2 shares accrue strategy interest and realize losses against USDC; withdrawals use idle assets and the configured liquidity adapter, subject to available market liquidity
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 Prime USDC uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that no direct freeze-control signal is 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 V2 that aims to lend against blue-chip crypto and real-world asset collateral markets depending on market conditions Reserve evidence: live reserve feed configured.
Can steakUSDC be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, no direct freeze-control signal is recorded. Live freeze and blacklist events for steakUSDC, when applicable, appear in the dossier below.
