This is part of an ongoing case study series "Bitcoin At Work," highlighting the success of Real-World Bitcoin builders on Plume.
Plume’s Real-World Bitcoin mission is simple: turn Bitcoin from the world’s largest idle asset into the backbone of institutional-grade, onchain finance.
By bridging BTC directly into tokenized real-world assets, Plume delivers institutional-grade RWAs with steady, scalable yield.
Turning Bitcoin Into Productive Capital
BIMA, the Bitcoin-backed stablecoin for universal yield, is designed to turn Bitcoin into productive capital through USBD, an omni-chain stablecoin fully backed by BTC. By depositing Bitcoin, users can mint USBD and put it to work across borrowing, lending, swaps, and yield strategies.
Plume provides the compliance-aware, liquidity-rich rails to make this vision scale. Its RWA-native execution environment positions USBD as more than a stablecoin — it anchors Bitcoin as a credit and settlement layer within DeFi.
Meeting Institutional Standards
For BIMA, trust, scalability, and transparency were essential. Plume’s modular architecture, cross-chain interoperability, and growing RWA liquidity made it the right foundation. By building on Plume, BIMA connects Bitcoin’s base-layer security with the composability, speed, and institutional readiness needed for real world Bitcoin.
BIMA engineered USBD to fit the standards of Plume’s institutional ecosystem across three key areas.
- Stability is ensured through full overcollateralization with BTC, supported by clear debt ceilings, liquidation triggers, and insurance reserves.
- Scalability comes from USBD’s omni-chain design, which expands naturally with Plume’s role as a liquidity hub for both DeFi and RWAs.
- Compliance is built in through integration with custodial frameworks, vault transparency, and Plume’s embedded KYC/AML features, creating a pathway for institutional allocators to participate with confidence.
Growing Distribution
BIMA has already shown strong early traction. It has raised more than $2.5M, launched a TVL program targeting $200M pre-mainnet, completed a testnet that validated mint/redeem flows and collateralization mechanics, and secured over $50M in pre-committed TVL from strategic partners.
Looking ahead, BIMA’s roadmap is designed to grow alongside Plume. This includes a mainnet launch across EVM and non-EVM environments with Plume as a priority venue, yield vaults targeting 5–10% APY supported by Plume’s liquidity depth, and broader distribution across exchanges, wallets, and custodians with Plume as the anchor for issuance and settlement.
