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

Chainthink

Release Time: 03/17/2026 02:10:49

USDG

$0.9998-0.02%

Summary

On-chain news: USDG, the stablecoin from Global Dollar Network and Paxos, is now live on Pendle with over $46M in TVL. The asset is part of Pendle’s limit order reward experiment, offering up to 8.90% yield for liquidity providers or a fixed 5.29% APY via PT. The listing follows a recent network upgrade that expanded Pendle’s DeFi capabilities.

ChainThink reports that on March 16, according to official announcements, USDG, a stablecoin launched jointly by Global Dollar Network and Paxos, has officially launched on Pendle. Within a short time after launch, its total value locked (TVL) on Pendle surpassed $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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