Touchstone USDTV2
A Morpho V2 vault on Ethereum that lends out USDT deposits, curated by Touchstone. Depositors earn 4.57% a year right now after a 0% performance fee.
Data from Morpho's API · updated
Net APY
4.57%
after fees, paid to depositors
30-day APY
4.50%
7-day 4.50%
Deposits
$2.00
1.58 USDT
Withdrawable now
$0
0% of deposits
Performance fee
0%
of the interest earned
Depositors
2
largest holds 50.0%
Touchstone USDT APY history
Net APY earned each day, measured from the vault's share price
| Day | Deposits | Net APY |
|---|
Deposits over time
Where the money goes
The markets this vault lends to right now, largest first
| Market | Lent | Share |
|---|---|---|
| XAUE / USDTLLTV 77% · not listed in the Morpho app | $2.00 | 100.0% |
The curator decides which markets the vault may use and how much it may put in each (the cap). Allocators then move money between those markets within the caps. How vaults work.
What the loans are backed by
Share of this vault's lending by the collateral borrowers put up
| Other | 100.0% |
|---|
Returns over time
Net APY actually earned over each period, from the share price
| Last day | 4.50% |
|---|---|
| Last 7 days | 4.50% |
| Last 30 days | 4.50% |
| Since the vault started | 4.32% |
Who controls this vault
| Curator | Touchstone |
|---|---|
| Owner | 0xAd43…94674-of-6 multisig |
| Timelock to raise a cap | 3 dayswait before more can go into a market |
| Timelock to add an adapter | 3 dayswait before a new kind of investment |
| Timelock to raise fees | None |
| Allocators | 1addresses that move money between markets |
| Sentinels | 0can pull money back or cut caps in an emergency |
| Created | June 25, 2026 |
Timelocks give depositors time to leave before a change they dislike takes effect. Morpho risks explained.
Details
| Deposit asset | USDTprice $0.9998 |
|---|---|
| Vault version | Morpho Vault V2 |
| APY before fees | 4.57% |
| Vault contract | 0xe776…Ec77 |
| USDT token | 0xdAC1…1ec7 |
| Network | Ethereum |
The curator's description: "The Touchstone USDT vault supplies USDT liquidity to a Morpho market collateralized by XAUE a tokenized gold fund whose net asset value is backed by Tether Gold XAUT."
Largest depositors
2 addresses hold shares in this vault
| Address | Deposit | Share of vault |
|---|---|---|
| 0x0000…dEaD | $1.00 | 50.0% |
| 0x9d87…7817 | $1.00 | 50.0% |
When a few addresses hold most of a vault, one large withdrawal can use up the liquidity that is free right now.
About Touchstone USDT
Touchstone USDT is a Morpho V2 vault on Ethereum, created on June 25, 2026. It takes USDT deposits and lends them to borrowers in 1 Morpho market. The curator, Touchstone, decides which markets it may use and how much can go into each.
It holds $2.00 (1.58 USDT) from 2 depositors and pays a net APY of 4.57% after its 0% performance fee. Over the last 30 days depositors actually earned 4.50% a year.
Its largest position is XAUE / USDT at 100% of what it lends. Counting every market, its loans are backed mainly by Other (100%). 0% of deposits could be withdrawn right now.
Risky changes, such as adding a market, wait behind a 3-day timelock on raising caps, which gives depositors time to leave first. The owner is a 4-of-6 multisig wallet. Morpho's app shows no warnings for this vault.
Touchstone USDT: quick answers
What is the APY of Touchstone USDT on Ethereum?
Touchstone USDT pays 4.57% net APY right now, after its fees. Measured from the growth of its share price, it paid 4.50% over the last 30 days. The rate changes every day with what its borrowers pay.
What does Touchstone USDT lend against?
It lends USDT through 1 Morpho market. The biggest is XAUE / USDT with 100% of its lending. Overall its loans are backed mainly by Other (100%).
Can I withdraw from Touchstone USDT right now?
About $0 of its $2.00 in deposits (0%) could be withdrawn immediately. The rest is lent out and frees up as borrowers repay or as higher rates bring in new lenders.
Who runs Touchstone USDT and what does it charge?
Touchstone curates it. It keeps 0% of the interest earned as a performance fee. The net APY shown is after these fees.
What are the risks of Touchstone USDT?
Like every Morpho vault, it can lose money if a borrower's collateral crashes faster than it can be liquidated, if a price oracle fails, or through a smart contract bug. Withdrawals can wait when its markets are fully borrowed. Changes to it wait behind a 3-day timelock on raising caps. This is not advice.
Other USDT vaults
The same deposit asset, other curators and networks