Bullish Provides $100 Million Credit Line to USD.AI
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Bullish has announced a $100 million debt financing line to the stablecoin protocol USD.AI, aimed at supporting loans backed by GPUs. This financing will help USD.AI provide liquidity for AI infrastructure development by connecting on-chain capital with the demand for computing power financing through tokenization. USD.AI is developed by Permian Labs, and currently, over $225 million in crypto assets are locked within the protocol. Bullish Exchange plans to launch the sUSDai token of USD.AI and open multiple trading pairs, providing investors with access to a secondary market channel for GPU-backed debt. David Choi, CEO of Permian Labs, stated that computing power is becoming an independent credit market, and this financing will help USD.AI fund more AI developments while creating a more transparent and in-depth computing power credit market.
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