Stablecoin USDG has launched on Pendle. Its total value locked (TVL) has already surpassed $46 milli

Stablecoin USDG Hits Pendle, TVL Quickly Tops $46M—Users Can Earn Up to 8.9%

USDG is making a splash. The stablecoin from Global Dollar Network and Paxos just launched on Pendle, and in no time, TVL shot past $46 million. It's one of the first assets in Pendle's limit order reward experiment. Liquidity providers can earn up to 8.90% via Pendle LP, or lock in a fixed 5.29% APY by buying PT. Yield hunters, take note.