Stablecoins

Protocols

BIMA is the universal stable on BTC. Inspired by the innovation of MakerDAO and Prisma Finance, Bima brings to the forefront a stablecoin, USBD, which is collateralized by Babylon-staked Bitcoin.

Imagine a world where the volatility of Bitcoin no longer stands as a barrier to mainstream adoption, where individuals and businesses can harness the revolutionary power of Bitcoin without the financial risk associated with its price fluctuations. A Bitcoin stablecoin would provide the stability and reliability needed to bridge the gap between traditional financial systems and the decentralized future.

In countries like Argentina, where inflation and economic instability often erode the value of local currencies, a Bitcoin stablecoin could offer a dependable store of value, helping citizens protect their savings from devaluation. In broader Latin America, where access to traditional banking is limited for many, a Bitcoin stablecoin could facilitate easier and safer transactions, enabling cross-border trade and remittances without the high fees and delays associated with traditional financial services.

Remittances: Migrant workers can send money back home with lower fees and faster transaction times compared to conventional remittance services.

E-commerce: Online retailers can accept payments in a stable currency that retains the benefits of Bitcoin’s security and decentralization.

DeFi Integration: Decentralized finance platforms can use a Bitcoin stablecoin to provide loans, earn interest, and facilitate trading without the risk of volatility affecting their operations.

Savings and Investments: Individuals can save and invest in a stable asset that benefits from Bitcoin’s technological backbone without the worry of value fluctuation.

International Trade: Businesses engaged in cross-border trade can use a Bitcoin stablecoin to settle transactions, reducing the risks associated with currency exchange rate fluctuations.

Disaster Relief: In times of crisis, a Bitcoin stablecoin can be quickly distributed to affected areas, ensuring that aid reaches those in need without the delay or corruption often associated with traditional financial systems.

Microtransactions and Gaming: In the gaming industry, a Bitcoin stablecoin can facilitate in-game purchases, rewards, and microtransactions without the risk of currency devaluation. Players can confidently spend and earn in a stable currency, and developers can ensure consistent revenue streams.

Education and Tuition Payments: Students and educational institutions can use a Bitcoin stablecoin for tuition and fee payments, providing a stable financial environment for international students and ensuring that payments retain their value across borders.

Gig Economy and Freelancing: Freelancers and gig workers can receive payments in a Bitcoin stablecoin, ensuring they are paid in a stable currency that is immune to local currency fluctuations. This stability can attract more people to freelance work and improve their financial security.

Subscription Services and Content Platforms: Content creators and subscription-based services can benefit from a Bitcoin stablecoin by providing a stable payment method for subscribers worldwide. This ensures consistent revenue for creators and stable costs for subscribers, enhancing the overall user experience.

These use cases illustrate the wide-ranging potential of a Bitcoin stablecoin to enhance financial stability, efficiency, and inclusion across various sectors and geographies. By providing a stable, secure, and decentralized currency, a Bitcoin stablecoin can transform how people interact with money, making financial systems more inclusive, efficient, and resilient worldwide.

Investors

CypherHunter Plus

on Jul 16, 2024, BIMA raised $2.25 million in a Seed funding round led by Portal Ventures

Investors

CypherHunter Plus