More USDT exists than there are US dollars in the M0 base of several mid-sized countries.
More USDT exists than there are US dollars in the M0 base of several mid-sized countries.
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.
** Touchstone runs a two-vault micro-book (XAUt and USDT) exclusively on Ethereum, routing all positions through Morpho Blue. Asset and chain concentration at 100% each signals a focused lending thesis rather than diversified curation.
** Current TVL is negligible ($0.0M). The stated 0.80% blended APY masks a 4.54% USDT vault—suggesting XAUt dominates by weight but generates minimal yield. Morpho routing opacity (unmapped collateral) prevents assessment of actual liquidation risk or counterparty depth.