Pendle Launches USDG Stablecoin to Bridge DeFi and Fixed Income
Pendle (PENDLE)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Pendle has expanded its Real World Asset stack with the launch of USDG, a stablecoin backed by T-bills. This new asset is scheduled to mature on March 25, 2026, and aims to connect decentralized finance with institutional fixed income markets. The move highlights Pendle's dedication to evolving the tokenization landscape, as detailed in their official tweet.
USDG is backed by federally-regulated infrastructure, positioning the platform to capture demand from institutional investors seeking secure yield. This strategy reflects a broader trend toward institutional adoption of decentralized finance. Currently, Pendle’s trading volume is absent, suggesting that market participants are still assessing the announcement's impact.
The introduction of USDG could alter trading dynamics as attention shifts to Pendle's growing RWA offerings. Traders are advised to monitor how this development influences market activity and sentiment in the coming days.
How the market reacted
Whalio's own Binance spot order flow for PENDLE, measured when this story was written up on 24 September 2026. Not the outlet's figures.
Pendle is trading at $2.47 with a 24-hour buy ratio of 50.8%, indicating a near-even split between buyers and sellers. The 1-hour buy ratio is higher at 51.3%, while the 4-hour ratio drops to 41.4%, showing that short-term buying pressure is fading over the last four hours. Volume delta reflects this shift, with a positive $1,878 in the last hour contrasting sharply with a negative $228,652 over the past four hours. The 24-hour volume delta remains positive at $148,148, and cumulative volume delta closed at -$63,575. Spot volume reached $8,586,147 with 86,976 trades in the last day. Net buying occurred for 13 of the last 24 hours, suggesting intermittent but consistent accumulation.
The latest daily buy ratio of 52.5% sits at the 82nd percentile of the last 323 days, against a median of 49.6% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for PENDLE, averaged over the days leading up to the story.
Over the preceding week, Pendle saw a 7-day average buy ratio of 50.8%, matching the latest day's reading exactly. Volume was 1.16 times the average, indicating a moderately active trading day compared to recent norms. The price increased by 5.9% over the last eight days, with a total volume delta of +$707,910. Net buying was recorded for only 3 of the past 7 days, suggesting that buying pressure is not yet a consistent daily occurrence. This day represents a stable continuation of the weekly trend, with volume slightly above average but no significant deviation in buying sentiment.