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.
Stablecoin-native book (95% RLUSD/PYUSD split) deployed almost entirely on Ethereum. Runs 8 vaults across two anchor assets, targeting 4.54% blended yield with moderate risk (28/100) through Morpho Blue routing. Complexity held deliberately low (35/100).
$861.9M (59% of TVL) concentrated in two flagship vaults earning 5.35–5.43% with identical unmapped Morpho Blue collateral feeds. Remaining $602.5M split across secondary yield venues (Spark at 0.18%, Huma at 6.43%, PRIME at 5.83%), creating structural opacity: top collateral composition across all vaults is routed and unmapped, blocking direct assessment of liquidation cascade risk.