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On November 6, the decentralized over-collateralized stablecoin USDD recently released its monthly transparency report for October 2026. The report shows that as of October 31, the circulation of USDD was approximately 1.5 billion, with reserve assets reaching 2.21 billion USD and a collateralization rate maintained at 146.99%.In October, the average daily minting volume of USDD increased by 10.5% month-on-month. During the period from October 12 to 19, the market capitalization of USDD grew by 180.3 million USD, leading the stablecoin market. On October 12, the circulation of USDD once exceeded 1.81 billion USD, and the Total Value Locked (TVL) surpassed 2.51 billion USD, both setting historical highs.In terms of revenue and ecological development, the investment return of USDD Smart Allocator in October increased by 8.5% month-on-month, with the average daily capital deployment scale growing by 15%. By the end of the month, the cumulative revenue reached 33.59 million USD. Meanwhile, the TVL of USDD Earn on the BNB Chain increased by 62.9% month-on-month. USDD continues to deepen cooperation with platforms such as Binance Wallet, Gate DEX, Morpho, and Pendle, further expanding DeFi revenue scenarios.In addition, the treasury data disclosed by USDD for the third quarter of 2026 shows that the treasury surplus increased by 27.1% month-on-month, and the treasury balance exceeded 30 million USD for the first time. USDD stated that it will continue to promote ecological construction around the two core scenarios of earning and transferring, and will continuously enhance asset transparency through public reserve addresses and on-chain data dashboards.

According to The Defiant, the daily trading volume of the decentralized yield trading protocol Pendle has risen to $221.5 million, setting a new 30-day high.Data shows that nearly all trading that day was concentrated on the Ethereum network, with Pendle's locked value maintaining around $1.03 billion in the latest snapshot of the day.

According to monitoring by Arkham, the Mercado Bitcoin hacker is swapping PENDLE for ETH through CowSwap and 1inch. In the past hour, this address has transferred over 760,000 PENDLE, worth approximately 1.3 million USD.As of now, the CowSwap and 1inch platforms have seemingly not taken effective measures to stop the related hacking activities, raising concerns in the community about DeFi protocols being used to handle and transfer stolen funds.

According to Pendle monitoring, the scale of STRCx on Pendle has surpassed 50 million dollars and set a historical record.Pendle currently holds about 30% of the total supply of STRCx, which is the largest tokenized equity asset in DeFi.

The decentralized yield trading protocol Pendle announced the expansion of its one-click looping feature, now supporting yield-bearing assets and tokenized stocks.According to The Defiant, stock long positions on the Base network are realized through Aave loans. At the same time, fees for non-PT positions on PendleLoop will be waived until December 31.

According to Onchain Lens monitoring, Arthur Hayes purchased approximately 888,000 dollars worth of tokens through FalconX and Flowdesk, including 546,600 AERO, valued at 459,800 dollars; 120,000 PENDLE, valued at 231,600 dollars; and 3,000,000 ZAMA, valued at 196,700 dollars.

Aave has enabled LlamaRisk agents for Pendle collateral on the Plasma network. According to The Defiant, these agents can adjust the pricing and lending parameters of a certain collateral token, which currently has a supply of 36.72 million dollars.The adjustments to the relevant parameters are constrained by fixed step limits and cooldown periods. Plasma is a Layer 1 network aimed at stablecoin payments, Pendle is a yield trading protocol, and LlamaRisk is a cryptocurrency risk management agency.

Yield Trading Protocol Pendle has announced the launch of the Robinhood Chain. This deployment adds a native layer of fixed income and yield trading to the DeFi economy of the chain.The first market is sNET, with an expiration date of September 17, 2026. More markets will be launched as the ecosystem expands.

On August 27, the decentralized stablecoin USDD announced the end of the first incentive campaign for the sUSDD market in collaboration with Pendle and the launch of the second incentive campaign. During the first phase, USDD provided over $300,000 in reward subsidies, with the Pendle sUSDD market reaching a maximum TVL of nearly $40 million, and the PT fixed income rate maintained overall at above 7%.The total value of the second phase rewards is $600,000, with the event running from August 27, 2026, to November 26, 2026, lasting 91 days. Users can connect their positions from the first phase to continue participating.

The decentralized interest rate protocol Boros announced that it has launched the open-source tool "Arbitrage with CrossEx" in collaboration with the Pendle team. Boros stated that cross-exchange funding rate arbitrage has always been one of the better trading strategies in the cryptocurrency field, historically achieving fixed returns independent of delta values, with annualized returns of over 40%. However, the execution and maintenance of this strategy have previously been challenging, setting a high barrier for users.The new tool "Arbitrage with CrossEx" aims to reduce operational complexity.

According to CoinDesk, a price fluctuation of about 3% in tokens on the lending platform Morpho triggered approximately $36 million in liquidations. The incident was caused by a wallet that bought a large amount of the yield token YT-reUSD issued by Pendle, pushing the implied annual yield up to 20% before quickly selling it, resulting in a price drop of about 3% for the corresponding principal token PT-reUSD.Previously, some traders deposited PT-reUSD into Morpho, borrowed stablecoin USDC, and then bought more PT-reUSD in a circular operation, leaving less than 3% of liquidation buffer space for leveraged positions. Morpho uses oracle prices, taking the lower value between the average trading price of PT-reUSD over the past 15 minutes and a fixed path that gradually approaches $1 at maturity. Liquidation is triggered when the market price falls below this curve. Pendle stated that the price source configuration is correct and operates as designed.Steakhouse Financial, responsible for managing the related lending market, stated that its lenders in the treasury were unaffected, with no bad debts incurred, and the proceeds from the liquidation were sufficient to repay the loans. After withdrawing funds during the investigation, Steakhouse reinvested, and the underlying asset reUSD was unaffected.

The decentralized stablecoin USDD announced that it will add TRX exclusive rewards to Pendle's sUSDD market and simultaneously increase the base USDD rewards. The total reward for this event is 21,000 USDD and 12,000 TRX, along with PENDLE tokens worth approximately 30% of the total value of the aforementioned USDD and TRX. The event will take place from August 13th, 8:00 to August 20th, 8:00 (Singapore time).The official statement indicated that Pendle has integrated PT-sUSDD into the PT Looping module, allowing users to further connect to the USDC and USDT markets on the Morpho platform to expand their earning potential. At the same time, they are preparing for the renewal of the sUSDD market with Pendle, and specific arrangements will be announced separately.

According to official news from the decentralized stablecoin USDD, the DeFi protocol Pendle has integrated PT-s USDD into its PT Looping module. Users can complete looping loan operations with one click through the Pendle interface, without the need for cross-platform operations. Currently, the looping loan APY for PT-s USDD in the Morpho/USDT market can reach up to 20.87%.It is introduced that the PT Looping module is based on the PT-s USDD/USDT and PT-s USDD/USDC markets on Morpho. This integration aims to significantly enhance the capital efficiency for USDD holders and, combined with the fixed income of PT-s USDD and borrowing space, forms a robust yield portfolio. The official reminds users that they can participate according to their own risk preferences.

The decentralized stablecoin USDD announced the addition of TRX exclusive bonuses to the s USDD market on Pendle, while also increasing the base USDD rewards. The additional benefits include 22,000 USDD and 13,000 TRX, as well as Pendle market rewards (approximately 30% of the value of USDD and TRX rewards). The event will run from now until July 30 at 08:00 (Singapore time).USDD officials particularly remind users that they can take advantage of the current good liquidity and low borrowing costs of the Morpho PT -s USDD / USDT pool to enhance asset utilization and further maximize returns. With this round of USDD incentives, the s USDD YT end returns are expected to reach new highs. Users are advised to seize the window of opportunity and lock in higher yield opportunities through Morpho's circular lending as soon as possible.

Pendle co-founder TN and Head of Growth Dan reviewed the developments in the first half of 2026 during the latest community meeting and announced the roadmap for the second half of the year. The team stated that in the first half, Pendle's ecosystem focused on building fixed income infrastructure, with Pendle V2 continuing to solidify its position as an on-chain fixed income protocol, while Boros made initial progress in the on-chain interest rate derivatives market.Data shows that Pendle V2 had an average daily TVL of approximately $1.3 billion in the first half of the year, with 9 out of the 11 major markets on the platform adopting real-world assets (RWA) as collateral, reflecting that institutional funds are continuously flowing into the RWA sector. Additionally, Pendle has launched on the Monad network and within less than a month became one of the top five protocols by TVL on that network, with a locked amount of approximately $150 million. In terms of protocol upgrades, Pendle has completed the migration from vePENDLE to sPENDLE, with about 36% of PENDLE currently staked, of which 93% of stakers have not yet unstaked. The protocol has also utilized revenue to repurchase approximately 2 million PENDLE and significantly reduced weekly liquidity incentives from about 90,000 to 21,000, further enhancing capital efficiency.At the same time, Pendle launched an in-app one-click Loop feature to simplify the operational process of leveraged yield strategies. Another core product, Boros, has surpassed $14 billion in cumulative trading volume within less than a year since its launch, with the number of users increasing by 50% since the beginning of the year. It has also introduced four-legged arbitrage strategies, acceptance of block trades, and a funding rate data dashboard to meet professional trading needs. Looking ahead to the second half of 2026, Pendle will focus on advancing curation infrastructure, allowing external teams to create PT/YT markets, and promoting PT assets as collateral for lending protocols; at the same time, it will collaborate with partners like Morpho to launch Pendle-branded yield vaults, expanding distribution channels for fixed income products. In terms of institutional business, the team is working with several RWA issuers in New York, planning to introduce tokenized ETFs, single bonds, and other on-chain yield products to Pendle, creating a platform for institutional RWA yield discovery and distribution. Boros will shift its strategic focus to cross-exchange funding rate arbitrage, prioritizing services for institutional arbitrageurs, and plans to launch a peer-to-peer acceptance market, funding rate visualization tools, and one-click strategy products for ordinary users, further improving the on-chain interest rate derivatives ecosystem.

Decentralized USDD announced that its yield-bearing token sUSDD officially launched on Pendle's Ethereum chain 91-day fixed income market, marking another breakthrough for USDD in the DeFi yield scenario and capital efficiency layout.This event will take place on May 28 at 8:00 AM (Singapore time), and sUSDD holders can participate by locking in fixed rates, trading yield rights, providing liquidity, and more. During the event, YT users can share over $300,000 in incentives, combined with Pendle's official 30% exclusive rewards, and have the chance to receive random airdrops of TRX.The official stated that they will continue to explore diversified yields in the future, effectively meeting market liquidity demands and promoting USDD's deep integration into the mainstream DeFi ecosystem.

According to Onchain Lens monitoring, the Pendle Finance team (0x811...ee1) deposited 600,000 PENDLE into Binance, worth 1.27 million dollars.

Pendle co-founder @tn_pendle met with the Deputy Prime Minister of Vietnam last week in New York along with Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, and Anchorage Digital to advocate for the construction of Vietnam's international financial center.During the talks, Pendle co-founder @tn_pendle discussed Vietnam's potential as a market for tokenized bonds, ETFs, and private credit, and strongly promoted the deep talent pool that Vietnam possesses.