Sky Ecosystem leads $13.5M for Osero

Osero, a stablecoin yield infrastructure startup, has successfully raised $13.5 million in a funding round spearheaded by Sky Ecosystem, formerly known as MakerDAO. The company aims to boost the adoption of Sky's stablecoins, USDS and sUSDS, by offering access to the Sky savings rate. Plasma, a Layer 1 blockchain developer for stablecoin payments, co-led the investment. Other participants included RedStone, The Rollup, Kairos Research, and notable figures from the crypto space. The funding round commenced in December and concluded in March, signaling continued investor interest in stablecoin infrastructure.