Osero Raises $13.5 Million for Stablecoin Yield Infrastructure
- Osero, a project focused on stablecoin yield infrastructure, raised $13.5 million in funding.
- The funding round was led by the Sky Ecosystem and co-led by Plasma, with participation from various angel investors.
- Osero plans to launch three products including Osero Earn, Osero App, and Osero Foundry to enhance yield offerings.
- The project aims to provide up to $2.5 billion in allocation capacity for liquidity and lending through its Osero Foundry.
- Stablecoins have surpassed $300 billion in market capitalization, with most yields currently benefiting issuers like Circle and Tether.
The capital raised will support the initial allocations under Osero’s risk framework as it seeks to deliver competitive yield products for stablecoin holders and financial institutions alike.
With a focus on integrating yield solutions into existing platforms, Osero’s funding will help address the current limitations faced by DeFi users seeking returns on their assets.(Source)
