The largest stablecoin in the world has never been fully audited.
The largest stablecoin in the world has never been fully audited.
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.
** Pure stablecoin book (89% USDT/USDS) on Ethereum with 50/50 split between direct stablecoin holdings and Morpho Blue lending. Targets 5% yield across $117M TVL at moderate risk (26/100) through concentrated exposure to unmapped collateral pools.
** $102.6M concentrated in two Morpho Blue vaults (USDT Savings, USDS Flagship) generating 5–5.2% APY. Material blind spot: collateral composition of routed Morpho markets opaque; structural risk hinges entirely on quality of unmapped underlying loans, with no observable diversification buffer across vaults or chains.