Stablecoin Yield Infrastructure Osero Raises $13.5M Led by Sky Ecosystem
Osero, a stablecoin yield infrastructure project incubated by Stablewatch and Soter Labs, has raised $13.5 million in a funding round led by the Sky Ecosystem and co-led by Plasma. The round also included angel investors from USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup, and Kairos Research. Stablecoins have grown to over $300 billion, but most yield from backing assets goes to issuers like Circle and Tether, leaving holders with no direct return. Osero aims to change this with three products: Osero Earn, which allows wallets and fintech firms to embed the Sky Savings Rate into their interfaces; Osero App, giving users direct cross-chain access to the rate; and Osero Foundry, which enables asset managers to create onchain yield products. Osero Earn can be integrated with about 10 lines of code, routing deposits into the Sky Savings Rate. Osero Foundry will provide up to $2.5 billion in allocation capacity, with each deployment undergoing a Basel III-inspired risk review. The raised capital will fund the first Foundry allocations under Sky Protocol's risk framework. Sky, formerly MakerDAO, received a B- rating from S&P last year and has been expanding its USDS and sUSDS distribution network. Plasma, the co-lead, is building a stablecoin-focused blockchain and raised $373 million in an oversubscribed token sale last year.
Key facts
- Osero raised $13.5M led by Sky Ecosystem and co-led by Plasma.
- Osero launches three products: Earn, App, and Foundry for stablecoin yield.
- Osero Earn integrates with 10 lines of code to embed Sky Savings Rate.
- Foundry offers up to $2.5B allocation capacity with Basel III risk review.
- Sky, formerly MakerDAO, received B- rating from S&P last year.