Coinbase Launches High-Yield USDC Vault Powered by Morpho and USDe

MORPHO-1.84%
USDE0.01%
ENA8.44%
According to Ethena Labs, the Steakhouse High Yield USDC Vault went live on Coinbase on June 11, powered by USDe on Morpho and curated by Steakhouse Financial. Users deposit USDC, which is allocated across lending markets via smart contract. Unlike lower-risk vault options, the product accepts synthetic stablecoin-linked collateral, enabling higher yields but introducing additional risks around collateral behavior and DeFi protocol stability. The vault is available to eligible U.S. users (excluding New York) and select international markets.
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