Bullish Enters AI Infrastructure Lending with USD.AI Deal

Bullish has expanded its presence in the market by providing USD.AI with a $100 million stablecoin debt facility to fund non-recourse loans backed by GPUs and other AI computing infrastructure.

This move connects crypto liquidity with physical data-center hardware, expanding Bullish's role into AI infrastructure financing. The agreement allows on-chain capital raised through USD.AI to flow to operators of AI computing capacity, with the hardware serving as collateral rather than the borrower's broader corporate balance sheet.

The facility is intended to direct additional on-chain capital to companies that need GPU capacity to train and run AI models. This deal links private credit for AI infrastructure with the use of crypto liquidity to finance real-world assets.