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

Pendle announced the launch of cross-chain PT, the first PT-USDe deployed on Avalanche. PT, as a fixed income source, 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.