Stablecoin USDG Launches on Pendle With $46M TVL and Up to 8.90% APY

USDG, the stablecoin launched by Global Dollar Network and Paxos, went live on Pendle on March 16, ChainThink reports. Total value locked for USDG on Pendle exceeded $46 million shortly after launch. USDG is among the first participants in Pendle's limit order reward program, where users can earn up to 8.90% APY by providing liquidity via Pendle LP or lock in a fixed 5.29% APY by purchasing PT.