Groundbreaking Alliance in Bitcoin DeFi
In a groundbreaking move for the decentralized finance (DeFi) sector centered on Bitcoin, BIMA has formed an alliance with exSat, a provider of Bitcoin banking services and a layer-2 network. Announced during the prominent Bitcoin conference in Las Vegas on May 28, 2025, this partnership is aimed at enhancing the adoption of Bitcoin-centric DeFi solutions.
Investment and Future Plans
As part of their collaboration, the two entities are initiating a significant investment of $100 million in Bitcoin (BTC) to scale their operations, with future plans to increase this amount from an initial 1,000 BTC to over 5,000 BTC, which could equate to approximately $500 million in total deployment.
USBD: A New Stablecoin
BIMA’s partnership comes on the heels of their recent launch on the mainnet, where they unveiled USBD, a new stablecoin that utilizes Bitcoin derivatives and is over-collateralized. This innovative stablecoin is designed to enhance capital efficiency, providing users the opportunity to engage in yield generation while still benefiting from Bitcoin’s potential value increases.
Enhancing Bitcoin Utilization in DeFi
The goal of BIMA is to introduce the advantages of DeFi to Bitcoin holders, allowing them institutional-level access to yield without the necessity to liquidate their BTC holdings. USBD’s framework is structured to enable both decentralized and centralized finance participants to take advantage of on-chain yield opportunities while maintaining stability.
“This collaboration represents a substantial step forward in leveraging Bitcoin as a more productive asset within DeFi,” said Sid Sridhar, BIMA’s CEO and founder. “exSat is constructing the necessary infrastructure for a programmable Bitcoin economy where users can earn, stake, and utilize on-chain yield strategies all while adhering to the Bitcoin standard.”
Official Stablecoin Partnership
Furthermore, in this strategic alliance, BIMA will serve as the official stablecoin partner for exSat. As part of this role, exSat will integrate its native assets, such as esBTC and iBTC, into BIMA’s vaults and structured financial products.
Yves La Rose, founder of exSat, highlighted the significance of this venture, stating that it lays the foundation for an autonomous Bitcoin banking infrastructure. He mentioned that through the ability to use USBD borrowing against Bitcoin, this partnership not only enhances Bitcoin’s functionality but also allows users to explore yield strategies without the need to exit their Bitcoin positions.
