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Which major payment processor will adopt USBD stablecoin by June 30, 2025?
2
Bima Labs•Bitcoin•Portal Ventures•Draper Goren Blockchain•Luxor Technology•Sats Ventures•Tim Draper•Alon Goren•Siddarth Sridhar
Resolution / Starting Odds
PayPal • 25%
Square • 25%
Visa • 25%
Other • 25%
Official announcements from Bima Labs or the payment processors
Story
Bima Labs Raises $2.25M in Seed Funding Led by Portal Ventures for Bitcoin-Backed Stablecoin USBD
Jul 15, 2024, 06:06 PM
Bima Labs, the developer behind the Bitcoin-backed stablecoin USBD, has successfully raised $2.25 million in a seed funding round. The round was led by Portal Ventures, with participation from Draper Goren Blockchain, Luxor Technology, Sats Ventures, Tim Draper, Alon Goren, and others. The funding round was structured as equity with token warrants. Siddarth Sridhar, the founder and CEO of Bima Labs, announced the raise and highlighted the company's vision for USBD as a universal omni-chain stablecoin on Bitcoin.
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JPMorgan Chase • 25%
Goldman Sachs • 25%
Bank of America • 25%
Other • 25%
PayPal • 25%
Square • 25%
Stripe • 25%
None of the above • 25%
Vitol • 25%
Trafigura • 25%
Glencore • 25%
Other • 25%
Polygon • 25%
Avalanche • 25%
Polkadot • 25%
Other • 25%
Yes • 50%
No • 50%
Coinbase • 25%
Binance • 25%
PayPal • 25%
Other • 25%
Bybit • 25%
Binance • 25%
Coinbase • 25%
Other • 25%
Meta • 25%
Google • 25%
Amazon • 25%
Apple • 25%
Paxos • 25%
Circle • 25%
Tether • 25%
Other • 25%
