Pendle Finance has launched a fixed-yield market for srnOPAL, a senior-tranche product backed by Brazilian credit card receivables. The annual yield stands at 11.59%, generated through discounted purchases of these receivables settled via Visa and Mastercard. The market, deployed on the Plume Network by issuer BlackOpal Finance, went live on September 15, 2026 and matures on January 7, 2027. BlackOpal reports zero defaults over more than twenty-five years and has secured over $200 million in institutional backing. Pendle’s RWA offerings now exceed $1 billion in total value locked.
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