Pendle Launches apxUSD on BNB Chain, Offering a 13% Fixed Interest Rate for STRC

BlockBeats News, May 26th, the DeFi yield protocol Pendle Finance announced that the synthetic dollar asset apxUSD (maturing in November 2026), under Apyx Finance, has officially been integrated into the BNB Chain. Users can now access a STRC-based fixed-income strategy on Pendle, with the current fixed APY reaching 13%.

apxUSD, issued by Apyx and collateralized by Digital Asset Treasuries (DATs) preferred equity, currently consists of Strive's SATA and Strategy's STRC. apxUSD itself does not generate yield but can be split into principal token (PT) and yield token (YT) assets on Pendle.

Pendle stated that YT holders can access a higher-leverage Apyx exposure, while PT provides a fixed return above the STRC dividend yield. Furthermore, liquidity providers (LPs) can simultaneously receive revenue and points incentive exposure.