sUSDD recently launched Pendle, and after stacking a $300,000 incentive over 91 days with TRX airdrops, liquidity growth has been very rapid. In the community, discussions about PT, YT, and LP, along with all kinds of strategies, are heating up. But what I care about most is that this time USDD didn’t just play short-term traffic—it actively laid its treasury ledger out for the market to see. Over the past two years, there have been too many high-yield stories in the stablecoin space—annualized numbers look impressive, TVL