Bullish $100M Stablecoin Funding to USD.AI for AI Chip Loans
Bullish provides $100M stablecoin financing to USD.AI for GPU-backed lending and plans sUSDai token listing with market-making support.
Cryptocurrency exchange Bullish is providing $100 million in stablecoin funding to USD.AI to support loans backed by graphics processing units.
USD.AI protocol reports more than $225 million in crypto assets locked as of the announcement date.
Bullish will list the sUSDai token on its exchange and provide market-making support for trading pairs.
David Choi, CEO of Permian Labs, stated that Bullish recognizes compute as a credit market and is positioned to scale the asset class onchain.
Unconfirmed details
Exact financing terms and drawdown schedule remain undisclosed. Timeline for the sUSDai token listing has not been specified.