Confidential USDC Vault Launch

Zama (ZAMA) · Releases & Updates · June 23, 2026

Zama, Morpho & Steakhouse open the first confidential DeFi yield vault (cUSDC) on Ethereum.

On June 23, 2026 Zama, Morpho and Steakhouse Financial open deposits for the Steakhouse Confidential USDC Prime vault — the first DeFi yield product for confidential USDC (cUSDC) on Ethereum. cUSDC uses fully homomorphic encryption (FHE) to shield balances and transfers; targets institutions wanting DeFi yield without revealing on-chain strategies.

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