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 lending curator running 58 vaults across Base (63%) and Ethereum (34%), with 78% USDC weighting. Portfolio splits 55% lending / 42% stablecoin, yielding 3.93% cap-weighted APY at moderate risk (29/100) and complexity (34/100).
** Top four vaults ($1.2B, 61% of TVL) route collateral directly to unmapped Morpho Blue markets on Base, obscuring underlying loan composition and liquidation mechanics. Fifth-largest vault ($119M) shows higher risk (39/100) via explicit cbBTC/cbETH/WETH exposure, suggesting concentrated collateral concentration risk where visibility exists.