Pendle Introduces Cross-Chain PT, the First PT-USDe Deployed on the Avalanche Network

2025.09.16 00:08:21

September 16th, Pendle made an announcement regarding the commencement of cross-chain PT. It is the first PT-USDe (November 2025) that has been deployed on Avalanche. PT, serving as a source of fixed income, has emerged as an essential component within DeFi. It has supported over $5.8 billion worth of PT as collateral on Ethereum through major lending markets such as Aave, Morpho, and Euler. In the forthcoming period, Pendle intends to utilize PT across different blockchains and even extend its reach to off-chain yield in order to further expand its fixed income landscape.

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