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Pendle generated over $1.5 billion in revenue last year and has become the preferred platform for stablecoin yield.
BlockBeats news, on April 21, according to official news, the Pendle protocol settled over 21 billion USD of PT last year, generating over 1.5 billion USD in revenue, and welcomed 320,000 new users, a rise of 5 times compared to the previous year. Data proves that Pendle has become the preferred platform for stablecoin yields. Pendle founder @tnpendle stated that once Citadel is fully operational, Pendle's product trap (fixed income on stable assets) will also be available to TradFi clients, providing them with a novel way to utilize funds more efficiently while being aware of the risk situation. Pendle now has over 40 stablecoin pools and plans to further expand its coverage in the coming months, making Pendle the preferred center for stablecoin yields.