Obex Secures $37M for Yield-Bearing Stablecoin Incubator

Published: 2025-11-18 16:16:26 |

Obex, a crypto incubator, has raised $37M to back next-generation yield-bearing stablecoin projects collateralized by real-world assets. Led by Framework Ventures, LayerZero and Sky, the fund targets tokenized compute credits, municipal solar and battery systems, and fintech loan portfolios. Through a 12-week accelerator, Obex offers capital, technical support and governance oversight. Successful teams can access up to $2.5B in USDS from Sky’s reserves. This program blends institutional-grade risk controls with on-chain yield strategies. The yield-bearing stablecoin incubator aims to prevent past peg failures and scale synthetic stablecoin adoption.

Neutral

While Obex’s $37M fundraise boosts confidence in yield-bearing stablecoin frameworks, it does not directly affect USDS’s peg. In the short term, the initiative strengthens institutional-grade risk controls and market trust, promoting stability rather than price gains. Over time, expanded asset-backed stablecoin issuance may improve liquidity and on-chain yield options, but USDS’s peg means price impact stays neutral.