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 earning product based on Ethena Labs' Staked USDe (sUSDe) staking interest earning mechanism, providing professional investors and institutional users with a simple, stable, and compliant new choice for compound interest earning. Qualified clients only need to enter OSL over-the-counter (OTC) trading to subscribe in USD or USDT and enjoy stable compound interest returns (historical annualized net return of 10% -20%). This product will maintain real-time exchange of 1:1 USD stablecoin USDe and support free redemption on any working day (without lock up period and performance bonus fees). The assets of this product are fully stored in an isolated insured account on the licensed exchange OSL, equipped with a 7 × 24-hour monitoring system to provide institutional level fund security for investors. Tony Luk, Head of OSL Wealth, stated, "Our clients are seeking dollar stable products that can earn tangible returns while being provided by trusted institutions. 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 that OSL has set a benchmark for compliant digital asset services in Asia. The launch of sUSDe has brought our interest bearing stablecoin to a customer base that requires both transparency and institutional level protection