A fully homomorphic encryption + Morpho-created secure vault will open on June 23rd. If it works smoothly, the compliant narrative of DeFi will change again.

MORPHO-1.27%
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CoinNetwork
CoinJie news: Zama, Morpho, and Steakhouse Financial will launch a vault on Ethereum called Steakhouse Confidential USDC Prime, which they describe as the first privacy-focused USDC stablecoin DeFi yield product for Ethereum. The vault will open for deposits on June 23 via the Zama app, enabling institutions to earn yield based on encrypted USDC balances while not exposing balances, transaction amounts, or strategies on-chain. Built on Zama’s fully homomorphic-encryption CUSDC and Morpho’s lending infrastructure, the CUSDC can be directly converted from standard USDC on Ethereum without the need for a cross-chain bridge.
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