BlockBeats News, May 19th, according to official Pendle data, it holds 2,453,331 STRC in a non-custodial manner through the STRC yield token market, becoming a core on-chain venue for digital credit yield discovery and liquidity.

Meanwhile, the liquidity pool of USDG, with US Treasury bonds as the underlying asset, on Pendle also quickly grew to a TVL of $230 million after just one weekend. The $120 million allocation of Pendle PT-USDG on Aave has also been fully utilized.

As the US Treasury and structured credit asset markets continue to expand, Pendle's Real World Assets (RWA) total locked value has increased to 97%, further strengthening its leading position in the on-chain yield trading space.