BIMA, a newly established DeFi ecosystem centered on Bitcoin-backed stablecoins and yield strategies, has announced a collaboration with Bracket, a DeFi strategy platform supported by Binance Labs. This partnership will introduce a new range of “real-yield” vaults for USBD, BIMA’s Bitcoin-backed stablecoin.
With this integration, BIMA users will have easy access to actively managed, on-chain yield strategies while remaining within the Bitcoin ecosystem. Bracket’s secure, policy-controlled vault infrastructure will act as the backend for these vaults, allowing BIMA to concentrate on increasing USBD liquidity and enhancing its utility across different chains.
USBD is a capital-efficient stablecoin that is over-collateralized with Bitcoin derivatives. Unlike conventional stablecoins such as USDC or USDT, USBD is inherently crypto-native and accommodates various yield strategies, providing investors with flexibility in managing risk and return. Users can deposit Bitcoin or stake BTC to obtain liquid staking tokens (LSTs) that support USBD issuance.
Bracket’s infrastructure enables scalable and secure yield vaults through the use of smart contracts, policy-managed wallets, third-party verified NAV reporting, and institutional-level accounting. The platform connects top-tier funds with on-chain capital using assets such as ETH, BTC, and stablecoins.
“This collaboration marks a significant step in our goal to provide a better solution for Bitcoin holders,” stated Sid Sridhar, Founder & CEO of Bima. “With Bracket, we are presenting secure, transparent, and accessible real-yield opportunities without requiring users to sell their Bitcoin.”
“We are thrilled to assist Bima in providing top-tier yield through our scalable infrastructure,” remarked Mike Wasyl, Co-Founder & CEO of Bracket. “Yield is essential for any ecosystem, and Bitcoin holders should have dependable, on-chain access to it.”
This partnership merges Bima’s Bitcoin-native stablecoin framework with Bracket’s established infrastructure, offering robust real-yield options to USBD holders and establishing a new benchmark for scalable, decentralized investment products.
The announcement comes after BIMA’s recent mainnet launch, which allows both institutional and retail investors to access institutional-grade yield strategies without needing to sell their BTC. As a U.S.-based company that has just launched a fully functional platform, BIMA’s mainnet launch provides a robust security framework that includes over-collateralization protections and a stability pool to effectively manage under-collateralized positions. The platform is compatible with major wallets such as Ledger, MetaMask, and XVerse, enabling users to begin minting USBD through a simple five-step process.
