Pendle Launches Cross-Chain PT — PT-USDe Debuts on Avalanche to Expand $5.8B DeFi Fixed-Income Market

Pendle has announced the launch of a cross-chain PT and the deployment of the first PT-USDe on Avalanche (November 2025), marking a strategic expansion of its fixed-income product suite. As a yield-bearing, collateralized instrument, PT now supports over $5.8 billion in collateral on Ethereum through leading lending markets such as Aave, Morpho and Euler. The integration reinforces protocol interoperability and liquidity depth for participants seeking predictable returns within DeFi. Pendle intends to extend PT across additional chains and incorporate off-chain yield sources to broaden its fixed-income landscape while preserving on-chain risk controls and market transparency.