On November 10, 2026, at 22:49 (UTC+8), Foresight News reported that Pendle had introduced a USDe fixed-yield product on Ethereum. The product offers four terms: 3 months, 6 months, 9 months, and 12 months.
What a user can do
A user can buy PT-USDe at a discount. The report says that purchase locks in a fixed yield. At the end of the term, PT-USDe can be exchanged 1:1 for USDe.
The report does not give a yield percentage. The fixed outcome it describes is the discounted purchase and a later one-for-one exchange into USDe.
What this token is not
PT-USDe, as described, is the token used for that discounted fixed-yield position. The report does not describe holding it as ownership of Ethereum, of Pendle, or of Ethena.
Ethena said the new markets have no Ethena token incentives. The report does not describe extra Ethena token rewards for buying or holding PT-USDe.
Pool limits
Each pool starts with a cap of $50 million. After a pool reaches that cap, the limit is raised. The report does not say by how much.
How part of the fees is split
Ethena pools on Pendle that are operated by third parties generate fees. Of the portion that would otherwise go to the Pendle treasury, 50% is allocated to Ethena.
Original report: Foresight News, published November 10, 2026.
