In Pendle's new stablecoin market, Cygnus's stablecoin wcgUSD ranks among the top three in trading volume, following eUSDe and USDS, with a TVL exceeding $32.65 million.
It is reported that wcgUSD is the first wrapped stablecoin natively integrated with Instagram, supporting the growth of stablecoin use cases across the Instagram ecosystem through features like on-chain task rewards and ad revenue sharing.