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 to expand related infrastructure.
Forecast Trend Report by Period
Osero, a stablecoin yield infrastructure project, has raised fresh funding as the stablecoin ecosystem continues to expand.
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, the report said.
Osero said it plans to use the funds to support adoption of USDS, the Sky ecosystem's stablecoin, and expand related infrastructure.
Investors are paying closer attention to yield-generating infrastructure projects tied to stablecoins. Broader USDS adoption and ecosystem growth remain key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
