Flowdesk Confidential High Yield USDT FCUSDT

Flowdesk Confidential High Yield USDT (fcUSDT) is the share token of a Morpho Vault V2 on Ethereum curated by Flowdesk. The vault accepts USDT deposits and allocates them across lending markets and strategies selected by the curator; each fcUSDT share represents a pro-rata claim on the vault's USDT assets. The vault follows the ERC-4626 tokenized vault standard, so its share price is given onchain by convertToAssets() and increases as the vault earns yield. fcUSDT is the underlying asset of cfcUSDT, a confidential ERC-7984 token issued through the Zama Protocol, which lets holders hold and transfer vault shares with encrypted balances. The vault is listed in the public Zama Protocol registry.