According to BlockBeats, Pendle and Ethena launched USDe fixed-term markets on Ethereum today (November 11), offering four maturities: 3, 6, 9, and 12 months, expiring in February, May, August, and November 2027 respectively. Users can purchase PT-USDe at a discount to par value and redeem it 1:1 for USDe at maturity, locking in yields. PT-USDe can also be traded on Pendle's secondary market for early exit.

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