
AUSD (Dec 2026) — Agora's RWA-backed stablecoin on Monad — is back on Pendle with a new maturity and a redesigned reward system. Instead of getting diluted as the pool grows, incentives now scale with TVL across both PT and YT, capped at $200M TVL, so YT yield becomes predictable and calculable while early PT buyers earn extra rewards on top of their fixed rate.
Pendle noted the prior AUSD market reached ~$160M in peak TVL, with Pendle accounting for >78% of the stablecoin's total supply, and said it looks forward to continuing the push with Agora in growing Monad's yield and stablecoin economy. The listing keeps AUSD's yield-trading market alive into a new maturity cycle.
Pendle
Pendle Earn enables you to obtain fixed yield or provide liquidity in a simple interface. Pendle Earn and Trade runs on the same set of contracts with a separate user interface to cater to different audiences.