fUSDT is a token deployed on Base at address 0x5c20b550819128074fd538edf79791733ccedd18. Based on its naming convention and on-chain footprint, it appears to be a yield-bearing or fixed-income derivative of USDT, structured to capture stablecoin yield that can be traded or split via yield-derivative protocols.
The token currently shows activity in a Pendle market maturing on June 26, 2025, with an implied APY of approximately 12.34% and roughly $230,000 in total value locked. This market operates in a "cheap PT" regime with a delta of ~578 bps, indicating it is being used for yield structuring rather than direct spot trading. No liquidity was found on Aerodrome, and no vote-market participation was recorded.
Fundamental metadata such as token decimals and current USD price are unavailable in the provided dataset. LP operators should verify the underlying protocol, redemption mechanics, and peg stability before providing liquidity or structuring positions around this asset.