Stablecoin USDG Launches on Pendle with $46M TVL and Yield Incentives

KuCoinFlash

Release Time: 03/17/2026 02:07:15

USDG

$0.9998-0.02%

Summary

On-chain reports indicate that USDG, the stablecoin from Global Dollar Network and Paxos, is now live on Pendle. Total value locked (TVL) reached $46 million shortly after launch. The asset has joined Pendle’s limit order reward experiment, offering liquidity providers up to 8.90% yield or a fixed 5.29% APY for PT buyers. This follows a recent network upgrade that enhanced Pendle’s DeFi capabilities.

BlockBeats news: On March 16, according to official announcements, the stablecoin USDG, jointly launched by Global Dollar Network and Paxos, has officially launched on Pendle. Shortly after its launch, its total value locked (TVL) on Pendle exceeded $46 million.

At the same time, USDG became one of the first assets to participate in Pendle’s limit order reward experiment, allowing users to earn up to 8.90% APY by providing liquidity through Pendle LP, or lock in a fixed 5.29% APY by purchasing PT.

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