[Pendle PT Ecosystem Reaches $8.1 Billion, Becoming Institutional-Grade DeFi Fixed Income Infrastructure] BlockBeats News, September 1: Pendle Intern announced that the total issuance of the Pendle PT ecosystem has reached $8.1 billion, equivalent to the market value of a mid-sized bond ETF (such as the iShares TIPS Bond ETF). Of this, $5.8 billion is being used as collateral in lending markets, accounting for 7.8% of the total collateral on the largest DeFi lending platforms. The scale of PT is now comparable to small sovereign debt markets, such as Panama or New Zealand. PT is no longer an experimental product but a core infrastructure. On-chain, PT provides fixed terms, known interest rates, and transparent settlement, similar to the role of fixed income in traditional finance. It can be directly integrated into treasury strategies, fund mandates, and risk frameworks. To this end, Pendle is launching a permissioned platform and collaborating with Converge, Ethena Labs, and potentially Aave Horizon to build regulated channels, paving the way for the next wave of institutional capital to enter DeFi.