OSL Wealth launches Ethena stablecoin interest-bearing product

Odaily Planet Daily News OSL Wealth, a subsidiary of OSL Group, announced the launch of a stablecoin interest-bearing product. The product is based on the staking interest-bearing mechanism of Staked USDe (sUSDe) of Ethena Labs, bringing a simple, stable and compliant new option of compound interest income to professional investors and institutional users. Qualified customers only need to enter the OSL over-the-counter (OTC) to subscribe with USD or USDT and enjoy stable compound interest income (historical annualized net yield is 10%-20%). The product will maintain a 1:1 real-time exchange of USDe stablecoins and support free redemption on any working day (no lock-up period and performance commission fees). The assets of this product are fully deposited in the isolated and insured custody account of the licensed exchange OSL, equipped with a 7×24-hour all-weather monitoring system to provide investors with institutional-level fund security. Tony Luk, head of OSL Wealth, said: "Our clients are looking for a USD stable product that can earn real returns and is provided by a trusted institution. By integrating sUSDe into OSL's compliance, custody and security framework, we have transformed a technically demanding DeFi strategy into a simple and easy-to-use interest-bearing product." Steven Shi, head of institutional growth at Ethena Labs, pointed out: "OSL has set the benchmark for compliant digital asset services in Asia. The launch of sUSDe brings our interest-bearing stablecoin to a client base that requires both transparency and institutional-grade protection."