[Pendle Launches Cross-Chain PT, First Deployed on Avalanche with PT-USDe] BlockBeats News, September 16, Pendle announced the launch of cross-chain PT, with the first being PT-USDe (November 2025) deployed on Avalanche. PT, as a source of fixed income, has become an indispensable part of DeFi. On Ethereum, it supports over $5.8 billion worth of PT as collateral through major lending markets such as Aave, Morpho, and Euler. Pendle plans to continue expanding its fixed-income ecosystem by leveraging PT across different blockchains and even extending to off-chain yields in the future.