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In this episode, I sit down with Siddarth “Sid” Sridhar, founder of BIMA Labs and former Co-Founder of the Draper Round Table. Sid shares how BIMA Labs is transforming Bitcoin from a passive store of value into a productive financial asset through USBD, a stablecoin backed by staked Bitcoin.
We discuss how their cross-chain stablecoin works, why users don’t have to sell their BTC to borrow against it, and how BIMA’s vault system brings institutional grade risk management to DeFi. Sid also breaks down how his broad background in engineering and investing—plus his time working with Tim Draper—shaped BIMA’s mission to make Bitcoin liquid, usable, and global.
Whether you're a BTC holder or just curious about the next evolution of crypto finance, this conversation is packed with helpful info and insights.
Watch episode here:
[embed]https://www.youtube.com/watch?v=Vo8qOI-x28k[/embed]
More About BIMA
BIMA is a DeFi protocol that allows Bitcoin holders to access short-term liquidity while maintaining upside of their long-term BTC positions. The platform's unique USBD stablecoin enables users to borrow at low rates while earning substantial yields through various vault strategies. BIMA offers institution-grade yield opportunities previously unavailable to retail investors, with risk profiles ranging from conservative to growth-oriented.
For more information and to access the live mainnet, visit https://bima.money/.
Telegram handle: @thesidsridhar
Follow: https://x.com/BimaBTC