Stablecoin issuers are now among the top 20 holders of US Treasury bills.
Stablecoin issuers are now among the top 20 holders of US Treasury bills.
Live data sourced from Morpho Blue API.
Plain-English read on what kind of book this curator runs and how it's currently positioned. Synthesized from their tracked vault footprint — no off-chain reputation claims.
** Single-chain lender (100% HyperEVM) running $43.2M across 7 vaults with balanced exposure to lending protocols (47%), liquid staking (37%), and stablecoins (15%). Book yields 3.86% cap-weighted APY at moderate risk (25/100) and complexity (37/100); largest vault ($22.7M WHYPE) is low-yield collateral management.
** Structural concentration: kHYPE appears as top collateral across all five active vaults, creating recursive lending-to-LST-to-lending loop. USDC vault (8.73% APY, $11M) and USD₮0 vault (6.04% APY, $8.6M) drive yield; both accept UBTC and Pendle PT instruments, introducing duration and counterparty risk into stablecoin lending.