Pendle launches cross-chain PT, with the first product being PT-USDe deployed on the Avalanche public chain

ChainCatcher news, Pendle announced on its social platform the launch of cross-chain PT, with the first product being PT-USDe deployed on Avalanche.

As a source of fixed income, PT has already become an indispensable part of DeFi, supporting over $5.8 billions worth of PT as collateral on Ethereum through major lending markets such as Aave, Morpho, and Euler.

Pendle plans to continue expanding its fixed income landscape by utilizing PT on different public blockchains, and even extending to off-chain yields in the future.