Sky Ecosystem leads $13.5 million round for Stablewatch-incubated stablecoin yield startup Osero
Osero, a stablecoin yield infrastructure startup incubated by Stablewatch, raised $13.5 million led by Sky Ecosystem (formerly MakerDAO) and Plasma. The startup builds distribution infrastructure for Sky's USDS and sUSDS stablecoins through three products: Earn, App, and Foundry. Of the funding, $10 million reserves protect users and Sky Protocol. Osero targets wallets, exchanges, and neobanks, positioning itself as Sky's distribution agent without direct competition.
Key takeaways
- 1Osero raised $13.5 million led by Sky Ecosystem and Plasma, with $10 million reserved to protect users and Sky Protocol from losses.
- 2Osero builds three products—Earn, App, and Foundry—to distribute Sky's USDS and sUSDS stablecoins across wallets, exchanges, and neobanks.
- 3Osero operates as Sky's distribution agent without direct competition, earning revenue from balance distribution shares and institutional yield spreads.
Why it matters
Osero strengthens Sky Ecosystem's stablecoin adoption infrastructure in India's growing crypto market, offering retail investors transparent yield on idle stablecoins through regulated distribution channels. This reduces friction for Indian exchanges and neobanks integrating stablecoin savings products.
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