USBD

Bitcoin sitting in a wallet earns nothing, and Bima Labs designed USBD to change that without forcing holders to sell. The token is a dollar-pegged unit minted against Bitcoin collateral, specifically the liquid staking and restaking receipts issued by providers such as Lorenzo, Lombard and pSTAKE, which lets a borrower keep BTC upside while unlocking spendable dollars. No company stands behind a redemption desk: USBD is an over-collateralized onchain claim, created and closed out through the protocol's smart contracts rather than through a bank. It lives across several Bitcoin-adjacent and EVM networks including Ethereum, Plume, Sonic and CORE, and holders can route it into vault strategies that pay yield. Bima raised a seed round led by Portal Ventures before opening its mainnet, positioning USBD as a capital-efficient dollar for the emerging Bitcoin DeFi scene.