Today· 17 JulRelease

New cbBTC/USDC Yield Market

Low4.0

◆ Description

Pendle launches a new yield market for USDC borrow demand from cbBTC lenders on Morpho, enabling PT/YT trading of cbBTC/USDC yield on Base.

◆ Why it matters

Pendle adds another yield-tokenization market, here bringing cbBTC/USDC lending yield from Morpho on Base into PT/YT trading. The listing widens the set of yield sources users can access through Pendle, supporting ongoing fee-generating activity. Each individual market launch is incremental rather than thesis-changing, so the durable re-rate is limited despite the product's direct relevance to PENDLE's core mechanism.