Sometime yesterday, @Aave quietly raised the cap for PT-USDe (Sep 2025) by $600M, and the entire increase was somehow filled within an hour. Thanks to this, Pendle PT-as-collateral TVL surged to an ATH of $4.6B 🫡 Stablecoin supply is at an ATH of $264B. Demand and conviction for fixed yield products are stronger than ever, especially with purpose-built stablecoin chains and products on the rise. We’re standing at the edge of the TradFi → DeFi liquidity floodgates. Pendaavethena. Higher 🤝