BIMA and exSat Teaming Up to Boost Bitcoin-Backed defi
On May 28, 2025, BIMA and exSat joined forces to enhance Bitcoin’s role in decentralized finance (DeFi). This strategic move unfolded during a major Bitcoin conference in Las Vegas.
Both platforms aim to establish a robust DeFi ecosystem grounded in Bitcoin.The partnership kicks off wiht an initial $100 million deployment in BTC, scaling up to $500 million as the collaboration grows.
BIMA recently launched its mainnet,introducing USBD—a stablecoin backed by Bitcoin derivatives. USBD lets users benefit from DeFi’s yields while holding BTC. This enables Bitcoin holders to access institutional-grade DeFi opportunities without selling their assets.
- USBD targets capital efficiency, offering stable on-chain yields.
- Both DeFi and CeFi can use USBD to unlock secure,efficient returns.
- BIMA becomes exSat’s official stablecoin partner, integrating esBTC and iBTC into BIMA’s vaults.
BIMA’s CEO, Sid Sridhar, stated that this partnership mobilizes Bitcoin within DeFi. ExSat’s founder, Yves la Rose, highlighted that their collaboration expands Bitcoin’s functionality, allowing users to earn without exiting their BTC positions. Together, they’re building a Bitcoin banking layer that supports yield strategies seamlessly.
