Stablecoin yield infrastructure project raises $13.5M in round led by Sky Ecosystem
Osero is coming with three products: Earn, App, and Foundry.
What to know:
- Stablewatch-incubated Osero raised $13.5M for stablecoin yield infrastructure, led by Sky Ecosystem and co-led by Plasma.
- Osero addresses the issue that most of the $300B+ stablecoin yield goes to issuers, leaving holders and fintech firms with limited direct returns.
- Osero is coming with three products: Earn (embeddable Sky Savings Rate), App (direct user access), and Foundry (on-chain yield products for asset managers).
Stablecoins have grown to more than $300 billion, according to DeFiLlama data. Most yield from the assets backing those stablecoins still goes to issuers like Circle and Tether, leaving holders with no direct return and fintech firms with limited ways to offer stablecoin savings products without managing assets themselves.
Osero is launching three products. Osero Earn which lets wallets, neobanks, custodians and exchanges embed the Sky Savings Rate into their own interfaces. Osero App, which gives users direct access to the rate across chains, and Osero Foundry, which gives asset managers and structured product issuers a way to bring yield products onchain.
Osero Earn is meant to be integrated with roughly 10 lines of code, according to the company. The product routes deposits into the Sky Savings Rate while Osero handles the underlying asset-management, routing and risk infrastructure.
