Stablecoin yield infrastructure project raises $13.5M in round led by Sky Ecosystem
Key takeaways
- The round included angel investors representing USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup and Kairos Research, according to an announcement.
- Stablecoins have grown to more than $300 billion, according to DeFiLlama data.
- Osero Earn which lets wallets, neobanks, custodians and exchanges embed the Sky Savings Rate into their own interfaces.
The round included angel investors representing USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup and Kairos Research, according to an announcement.
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.