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The WAGMI Ventures Podcast
Creating the Universal Stablecoin, USBD, backed by Bitcoin, with Sid Sridhar (Bima Labs)

Creating the Universal Stablecoin, USBD, backed by Bitcoin, with Sid Sridhar (Bima Labs) 5b254

30/3/2025 · 32:04
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The WAGMI Ventures Podcast

Descripción de Creating the Universal Stablecoin, USBD, backed by Bitcoin, with Sid Sridhar (Bima Labs) 6347r

Siddarth "Sid" Sridhar is Founder and CEO of BIMA Labs (https://www.bima.money), a decentralized finance platform that enables s to stake assets like Bitcoin and Bitcoin derivatives such as Liquid Staked Tokens (LST), to borrow USBD, a stablecoin pegged to the US Dollar. Sid talks about his journey from being a Draper-backed investor at 19 years old to being a crypto founder in the BitcoinFi space, the role of USDB plays in social impact by promoting financial inclusion, why over-collateralization is crucial for stability in the USBD model, how USBD differs from other traditional stablecoins - and insights on how BIMA's stablecoin, the USBD, fits into the broader financial ecosystem.  3b656n

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