Bullish backs USD.AI with $100 million in financing to drive GPU-backed loans
Cryptocurrency platform Bullish is extending a $100 million debt facility to USD.AI to finance GPU-backed loans for artificial intelligence infrastructure.
Institutional crypto exchange Bullish has extended a $100 million stablecoin-based loan facility to USD.AI, an onchain financing platform created by Permian Labs. This facility aims to support loans backed by GPU infrastructure, with USD.AI lending to AI infrastructure operators using GPU hardware as collateral. Bullish plans to list USD.AI's sUSDai on multiple trading pairs and support the token with a dedicated market-making program to enhance secondary liquidity and price discovery for GPU-backed debt.
The deal brings Bullish's investment in USD.AI to $4 million following a $98.1 million loan backed by Nvidia B300 GPUs in June and a $34 million loan backed by Nvidia B200 GPUs fully funded.
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