According to Ai 姨, Abraxas Capital Management's investment in Principal Tokens (PT) valued at $220 million has fully matured today, generating $7.52 million in interest over nearly four months. This investment included 196 million sUSDe PT, 21.01 million USDe PT, and 95.51 LBTC PT. The collaboration with Pendle has allowed the institution to secure a stable interest income while Pendle managed to handle the substantial fund inflow seamlessly.

According to @milesdeutscher, Pendle Finance ($PENDLE) enhances stablecoin utility by developing a yield market that incorporates stablecoins and their derivatives. It achieves this by dividing yield-bearing assets into Principal Tokens (PT) and Yield Tokens (YT), enabling traders to speculate or hedge efficiently.