cUSDC, a USDC-pegged privacy coin running on Zama, has been officially announced by Steakhouse to launch deposits on Morpho. This marks the first privacy finance product on the Zama privacy blockchain, operating on Morpho. According to the official statement, early deposit users will receive allocations based on the approximately 4% native yield from the underlying strategy, with rewards distributed directly to the vault in batches. The first two weeks will offer the highest yield phase. This is also Zama's first real-world application in privacy infrastructure. The team stated that more assets, blockchains, and privacy finance applications will be expanded in the future, enabling users to maintain ownership of their funds while protecting the privacy of their on-chain asset holdings and yield information.