BIMA, a decentralized financial protocol aimed at Bitcoin-supported Stablecoins and yield strategies, cooperates with Exsat, a Bitcoin-bank arranger and Layer-2 network, to accelerate the acceptance of Bitcoin-based Defi.
The two platforms announced their strategic partnership on 28 May 2025 in the middle of the controversial Bitcoin (BTC) conference in Las Vegas, Bima And Exsat’s search to strengthen Bitcoin’s decentralized financial ecosystem starts with a first bet of $ 100 million in BTC.
Growth will be the platforms this implementation scales from 1,000 BTC to more than 5,000 BTC worth $ 500 million.
The partnership follows the recent Mainnet launch of BIMA, in which the USBD introduced, a Bitcoin-dedicated and over-collateral Stablecoin. USBD is designed for capital efficiency, so that users can implement yield strategies while retaining exposure to the benefit of BTC.
BIMA wants to deliver the benefits of Defi to Bitcoin holders and offers access to institutional quality to yield without that users have to sell their BTC. Both decentralized and centralized financial participants can use the structure of USBD to unlock the yield and stability of the chain.
“This collaboration with Exsat marks an important step in the direction of mobilizing Bitcoin as a productive property in Defi,” said Sid Sridhar, founder and Chief Executive Officer of BIMA. “Exsat, a Bitcoin bank provider, builds the financial rails for a programmable bitcoin economy where holders can earn, use and participate in strategies for returns on chains without ever leaving the Bitcoin standard. Bima offers the infrastructure to realize that vision.
As part of the collaboration, BIMA becomes the official Stablecoin partner of Exsat, who in turn will use his indigenous assets, including ESBTC and IBTC in BIMA safes and structured products.
Exsat -founder Yves La Rose, commentary on the partnership and what it means for the ecosystem, noted:
“Exsat lays the foundation for a sovereign Bitcoin Banking layer, and this collaboration with BIMA brings us a step closer. By enabling users to borrow USBD against their bitcoin and access -to -use yield strategies, we are the Bitcoin -Nut from Bitcoin.”
