Bullish Provides $100 Million Credit Line to USD.AI
Prefer us on Google
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.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Ukrenergo Begins Restructuring Eurobonds Worth $825 Million
Iren's AI Cloud Revenue Surpasses Bitcoin Mining, Stock Drops 8%
Walmart’s 1970 IPO Still Has a Lesson for SpaceX Buyers
Kraken Supports Solana Inflation Reform
Elon Musk Plans to Donate at Least $100 Million to Republicans, Speaker to Meet with Him
RedStone Provides savUSD Net Asset Value on Stellar
Goldman Sachs Reveals $88.08 Million Solana ETF Holdings
Cedears: ETFs Replicating Soybeans and Corn to Be Added to the Market
IBIT Sees Inflow of $277.6 Million, Exceeding Total Inflow of U.S. Bitcoin ETFs
Tourist tax in four communities increased by 60%
EBA Requests Government to Reduce Rent for Port Operators in Odessa
Russian Government Introduces Price and Supply Controls on Fuel Due to Gasoline Shortage
Alrosa Reports a Loss of 9.5 Billion Rubles for the First Half of the Year
Polymarket US Weekly Trading Volume Reaches $870 Million, Approaching International Polymarket
The State Owes Heat Suppliers 75 Billion UAH for Tariffs
US Employment Statistics Revised Upward by 185,000
Alphabet to Pay $343 Million to Settle Lawsuit in the UK
CFTC Warns of Surge in Crypto ATM Scams, Losses Exceed $388 Million in 2025
IREN Plans $25 Billion to $30 Billion AI Expansion Raises Investor Concerns
Russian Oil Refining Hits 20-Year Low Due to Ukraine Attacks
A zero-revenue public company tried to copy Michael Saylor to avoid delisting, but its stock immediately crashed 25%
Coinbase: "Finance Was Built for People Who Sleep"
Aging is not linear: cells go through coordinated stages of deterioration
Ukraine and Romania Agree on Measures to Accelerate Shipping through the Sulina Canal
Capital B Plans to Raise $24.5 Million to Acquire 270 BTC
Cargo Exports Through Ukrainian-Hungarian Crossings Increased by 54%
Sanctum Increases Solana TVL to 16.64 Million SOL
Deripaska Halts Four Rusal Plants Due to $800 Million Losses
Tencent Hy4 Preview Outperforms GLM-5.3 and Kimi K3 in Internal Blind Test
Qatar's LNG Exports Decrease by 96%
Ukrenergo Begins Restructuring Eurobonds Worth $825 Million
Iren's AI Cloud Revenue Surpasses Bitcoin Mining, Stock Drops 8%
Walmart’s 1970 IPO Still Has a Lesson for SpaceX Buyers
Kraken Supports Solana Inflation Reform
Elon Musk Plans to Donate at Least $100 Million to Republicans, Speaker to Meet with Him
RedStone Provides savUSD Net Asset Value on Stellar
