Stablecoins processed $33 trillion in payment volume in 2025, surpassing Visa and Mastercard combined. At $315 billion in market cap, they are larger than the economies of Portugal and New Zealand, and the established liquidity backbone of a global payment system.

Yet 93% of stablecoins earn under 5% APY. For institutional holders, that is a planning problem. Treasuries cannot build around rates they cannot forecast, but Pendle gives them a rate they can.
@global_dollar
(USDG) is a case in point.

Within a month of launching on Pendle, USDG has become one of the clearest examples of institutional stablecoin capital seeking structured yield:

🔹~$100M in TVL accumulated since launch
🔹Pendle is now the single largest holder of USDG onchain (~20% of total supply)

That pattern holds across Pendle's broader stablecoin footprint. Pendle is currently the largest onchain venue for stablecoin fixed yield:

🔹$1.85B in stablecoin TVL across nearly 70 active pools
🔹$500M in trading volume over the past 30 days

As stablecoins absorb volume from traditional rails, yield infrastructure becomes as important as the rails themselves.

The bartender asks: "What'll it be?"

"mHYPER. Tranched. Fixed and juicy," they said in unison.

Here you go then, good sers:
🍸 srmHYPER (2 July 2026)
🍸 jrmHYPER (2 July 2026)

Quick analysis of the Saturn PTs, including a brief explanation of their source of yield + key risks to take note of.

sUSDat: 13% Fixed APY
USDat: 8% Fixed APY

One of the hidden gems on Pendle now - PT-reUSD 💎

- 32% max loop APY on Morpho

- $3.1M left till target utilisation, so more than enough to fit you and your mom

- RWA T-Bill backed + delta-neutral ETH basis strategy

Oh we haven't had ENA-ugh of you ethena not even close 💙

So here goes - new ENA (Sep 2026) pool is now live:

🔹40x Sats
🔹1x Ethereal
🔹1x Strata

The onchain digital credit yield economy is expanding!

directional yield speculation, enhanced yield as a liquidity provider... all these are now available on Pendle.

NEW Aug 2026 maturity pools for Strata NUSD!

- srNUSD
- jrNUSD

Pendle is now live on @monad!

First up - we're opening with 2 lovely @withAUSD pools:

- Agora AUSD (8 Oct 2026)
- @upshift_fi earnAUSD (8 Oct 2026)

Plus up to $100k in weekly rewards.

One of DeFi's most rewarding strategies, once gated behind an hour long labour of buy, lend, borrow, repeat... is now open for everyone with just a mouse click.

Enjoy.