TechFlow reports that on June 9, the decentralized stablecoin USDD officially announced the launch of the PT-sUSDD/USDT and PT-sUSDD/USDC markets on Morpho. Users can swap USDT for PT-sUSDD on Pendle and then collateralize PT-sUSDD on Morpho to borrow USDT or USDC for liquidity.
This strategy is supported by Gauntlet. Currently, the relevant vaults feature low borrowing rates; combined with PT-sUSDD’s annualized yield, there is room for leveraged (circular lending) operations. Theoretically, executing such a circular lending operation ten times could yield an annualized return of nearly 30%. Users may participate according to their individual risk appetite.
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