Osero, a stablecoin yield infrastructure project, has raised $13.5 million in a funding round led by Sky Ecosystem and co-led by Plasma. The round included angel investors such as USDT0, Maple, and Kairos Research. Osero aims to address the challenge of stablecoin holders not receiving direct returns by launching products like Osero Earn, Osero App, and Osero Foundry, which facilitate embedding Sky Savings rates and tokenizing yield products.
The funds will support Osero's initial Foundry projects, which will undergo Basel III-compliant risk assessments. Osero Foundry is set to provide up to $25 billion in capital allocation for anchor financing and liquidity. This initiative aligns with Sky's expansion of its USDS and sUSDS balance sheet, following its B- rating from S&P. Plasma, a co-lead investor, is also advancing its blockchain focused on stablecoins, having raised $373 million in a previous token sale.
Osero Secures $13.5M Funding to Enhance Stablecoin Yield Infrastructure
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