Bullish backs USD.AI with $100M financing facility to fund GPU-backed loans for AI infrastructure and expand crypto-powered compute financing

Bullish, the crypto platform and CoinDesk's parent company, is extending a $100 million debt facility to USD.AI to bring onchain capital into AI infrastructure financing. The liquidity will fund loans secured by GPUs, the chips that process data for AI workloads. Over $225 million in crypto assets was locked in the USD.AI protocol at the time of the announcement. Permian Labs CEO David Choi said compute is becoming a credit market in its own right. Bullish also plans to list USD.AI's sUSDai across multiple trading pairs, creating a secondary market for GPU-backed debt exposure.

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• Crypto
• Bullish (exchange)
• Infrastructure
• GPU