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Benzinga
Benzinga
Business
Murtuza J Merchant

New Bitcoin-Backed Stablecoin Vaults Offer Yield Strategies Without Requiring BTC Sales

Bitcoin

BIMA, a decentralized finance (DeFi) platform focused on Bitcoin (CRYPTO: BTC)-backed stablecoins, announced on Monday the launch of real-yield vaults for its USBD stablecoin in collaboration with Bracket, a DeFi strategy provider supported by Binance Labs.

The partnership will allow BIMA users to access on-chain yield strategies without selling its Bitcoin.

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