Bullish Backs USD.AI With $100M Debt Facility
Bullish is providing USD.AI with a $100 million debt facility to finance AI infrastructure. The funding will provide liquidity for USD.AI to make loans backed by GPUs, which are critical for AI companies and applications.
The partnership combines the growth of AI infrastructure financing with crypto's push to tokenize real-world assets. USD.AI operates a stablecoin protocol connecting on-chain capital with financing for AI infrastructure. Over $225 million in crypto assets is locked in the protocol as of August 28.
Bullish plans to list sUSDai across multiple trading pairs, giving investors a secondary market for exposure to GPU-backed credit. Bullish previously invested $4 million in USD.AI after its IPO.