Pendle launches cross-chain PT, the first of which is PT-USDe deployed on Avalanche

Pendle announced the official launch of its cross-chain PT functionality, with the first product being Ethena Labs' PT-USDe (available in November 2025), deployed on the Avalanche chain. Pendle stated its mission is to make PT a universal cross-chain collateral for DeFi, with the potential to expand to off-chain applications in the future.