Pendle's STRC and USDG yield markets accelerate onchain growth; RWA TVL climbs to 97%
ME News reported that as of May 19 (UTC+8), Pendle's official data shows it holds 2,453,331 STRC tokens noncustodially through the STRC yield token market, positioning the platform as a key venue for onchain digital credit yield price discovery and liquidity. Pendle's USDG liquidity pool—backed by U.S. Treasuries—also expanded sharply, reaching $230 million in TVL over a single weekend. On Aave, the $120 million credit line assigned to Pendle PTUSDG has been fully drawn. With demand growing for U.S. Treasuries and structured credit assets, Pendle's real-world asset (RWA) TVL has increased to 97%, reinforcing its lead in onchain yield trading. (Source: BlockBeats)