csUSDC, issued by Coinshift Limited, is a yield-bearing ERC-4626 vault token representing a proportional claim on USD Coin (USDC) supplied to a Coinshift-sponsored Morpho lending vault curated by Steakhouse Financial. [S1][S2][S3]

Holders receive economic exposure to USD Coin (USDC) deposited in the Coinshift USDC Vault on the Morpho lending protocol, where the token functions as an over-collateralized receipt token for the supplied USDC. [S2] Value accrues into the token from variable Morpho lending interest paid by borrowers, supplemented by SHIFT and MORPHO token emissions claimed by the holder. [S2] Yield accrues automatically through holding the token. [S3]

Coinshift Limited, a British Virgin Islands company, sponsors the vault token; the token is a self-custodial ERC-4626 receipt token representing a proportional share of USDC supplied to a Morpho vault, with the claim enforced through non-custodial, immutable Morpho smart contracts rather than a corporate redemption obligation of Coinshift. [S1][S3][S2][S4] The token is permissionless, requiring no KYC, no KYB, no staking, and no lockup, and is accessible to treasuries, DAOs, and individuals holding it. [S3][S4] Holders may withdraw their share of vault assets at any time subject to available liquidity, and curators cannot access or seize user funds. [S4]

csUSDC is an ERC-4626 vault token deployed on Ethereum mainnet. [S3][S2] Users mint csUSDC by supplying USDC to the Coinshift USDC Vault, receiving tokens representing proportional vault shares supplied into Morpho Blue markets curated by Steakhouse Financial. [S2][S5] Redemption returns the holder's share of vault assets, available anytime subject to liquidity. [S4] Reserves are attested monthly. [S3][S6]

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://www.coinshift.xyz/terms-of-use" },
    { id: "S2", url: "https://docs.coinshift.xyz/coinshift-assets/csusdc" },
    { id: "S3", url: "https://docs.coinshift.xyz/coinshift-assets/csusdl" },
    { id: "S4", url: "https://docs.coinshift.xyz/coinshift-assets/csusdl/coinshift-usdl-vault/characteristics" },
    { id: "S5", url: "https://docs.coinshift.xyz/coinshift-assets/csusdl/how-csusdl-works" },
    { id: "S6", url: "https://docs.coinshift.xyz/q-and-a-reserves-lending-and-risk-framework" },
  ]}
/>


Tokenized funds

website

twitter

discord

Stablecoin issuers

Coinshift

Coinshift USDC (csUSDC) is a tokenized fund share issued by Coinshift.

Retail investors and institutions can subscribe and redeem in USDC.

csUSDC has been issued on Ethereum as an ERC-4626 token since December 2024.

Coinshift USDCcsUSDC

All metrics