Creating the Universal Stablecoin, USBD, backed by Bitcoin, with Sid Sridhar (Bima Labs)
WAGMI Ventures Podcast
WAGMI Ventures Podcast
Creating the Universal Stablecoin, USBD, backed by Bitcoin, with Sid Sridhar (Bima Labs)
Mar 29, 2025 Season 2 Episode 147
WAGMI Ventures

Siddarth "Sid" Sridhar is Founder and CEO of BIMA Labs (https://www.bima.money), a decentralized finance platform that enables users 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.