Stablecoin USDG Debuts on Pendle With Over $46M TVL and Dual Yield Options

Stablecoin USDG, jointly issued by Global Dollar Network and Paxos, went live on Pendle on March 16, official announcements show. Total value locked for USDG on Pendle surpassed $46 million shortly after listing. The asset has joined Pendle's limit order reward experiment, where users can earn up to 8.90% APY by providing liquidity via Pendle LP or secure a fixed 5.29% APY through purchasing PT.