OSL Wealth Launches Stablecoin Yield Product with Ethena’s sUSDe

OSL Wealth, a division of OSL Group, has launched a new stablecoin yield product for institutional and professional clients. The product, called sUSDe, utilizes Ethena Labs' Staked USDe protocol and offers a historically low-to-mid-teen net annual percentage yield (APY) while maintaining a consistent 1:1 redemption rate into USDe for dollar stability. Clients can access the product through OSL's OTC desk and enjoy auto-compounding, business-day subscriptions, and insured custody.

OSL Wealth, a division of OSL Group, has launched a new stablecoin yield product designed specifically for institutional and professional clients. The product, called sUSDe, leverages Ethena Labs' Staked USDe protocol to offer a historically low-to-mid-teen net annual percentage yield (APY) while maintaining a consistent 1:1 redemption rate into USDe for dollar stability. This innovative offering is set to provide clients with a unique opportunity to generate income from stablecoins without the complexities of managing DeFi strategies.

Clients can access the sUSDe product through OSL's over-the-counter (OTC) desk, where they can trade using USD or USDT. The product features auto-compounding of historically low-to-mid-teen net APY into its price, ensuring clients benefit from compounded returns. Additionally, it offers business-day subscriptions and redemptions with no lock-ups or performance fees, providing flexibility and liquidity.

One of the key advantages of sUSDe is its robust security framework. The product is safeguarded around the clock in OSL's segregated, insured custody, ensuring that client assets are protected. This level of security is crucial for institutional clients who require high levels of trust and reliability in their financial products.

Tony Luk, Head of OSL Wealth, commented on the new offering, "Our clients want dollar stability that earns a real return, delivered through an institution they already trust. By integrating sUSDe under OSL's compliance, custody, and security framework, we've turned a technically demanding DeFi strategy into a turnkey income product."

Steven Shi, Head of Institutional Growth at Ethena Labs, noted, "OSL has set the bar for regulated digital asset services in Asia. Their adoption of sUSDe brings our yield-bearing stablecoin to an audience that demands both transparency and institutional-grade safeguards."

This new product is a testament to OSL Wealth's commitment to providing innovative and secure financial solutions for its clients. As the digital asset landscape continues to evolve, OSL Group's integration of advanced DeFi strategies into traditional financial services is likely to gain further traction among institutional investors seeking to diversify their portfolios.

References:
[1] https://www.prnewswire.com/apac/news-releases/osl-wealth-debuts-stablecoin-yield-generating-product-via-ethena-302466682.html