The OSL Group has launched a stablecoin interest yield product based on Ethena USDe.

According to Techub News, the Ming Pao reports that the OSL Group has launched a yielding stablecoin product based on the staking yield mechanism of Staked USDe (sUSDe) by Ethena Labs, aiming to provide professional investors and institutional users with a simple, stable, and compliant compound interest earning option.

According to OSL, eligible clients are required to access OSL's over-the-counter (OTC) trading to subscribe in USD or USDT and enjoy a stable compound yield (historical 1-year annualized net yield of 10% to 20%). The product will maintain the real-time conversion of the 1:1 USD stablecoin USDe, and can be freely redeemed on any working day (no lock-up period and performance commission fee). According to the company, the product's assets are fully deposited in a segregated insured custody account on the licensed exchange OSL, equipped with a 24×7 monitoring system to provide investors with institutional-grade fund security.