Stablecoin Yield Protocol Osero Raises $13.5 Million
JH Kim
Summary
- Osero said it closed a $13.5 million funding round.
- The round was co-led by Sky Ecosystem and Plasma.
- Osero said it plans to use the funds for USDS adoption and related infrastructure expansion.
Forecast Trend Report by Period
Osero, a stablecoin yield infrastructure project, has raised fresh capital, extending a broader push to expand the stablecoin ecosystem.
Crypto-focused media outlet The Block reported on May 12 that Osero closed a $13.5 million funding round.
The round was co-led by Sky Ecosystem, formerly MakerDAO, and Plasma.
RedStone, The Rollup and Kairos Research also participated.
Osero said it plans to use the funds to support adoption of USDS, the Sky ecosystem's stablecoin, and expand related infrastructure.
The market is watching for increased investment in yield-generating infrastructure projects tied to stablecoins. Wider use of USDS and growth in its ecosystem remain key variables.
JH Kim
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