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

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

PT, as a source of fixed income, has become an indispensable part of DeFi, supporting over $5.8 billion of PT as collateral through the largest lending markets on Ethereum, such as Aave, Morpho, and Euler.

Pendle plans to continue expanding its fixed income landscape by using PT across different public chains and even extending to off-chain yields in the coming time.