Pendle launches fixed-yield USDG product on Robinhood Chain

Pendle has launched a fixed-yield product for Paxos-issued dollar stablecoin USDG on Robinhood Chain, with maturity set for March 2027, Crypto Briefing reported. The product lets users lock in a preset yield instead of taking on a floating rate like traditional lending vaults. Robinhood had previously offered about 7% annual yield on USDG through MORPHO lending vaults, while yield on the Pendle product varies with market conditions.