USD.AI Secures $100 Million Credit Facility From Bullish to Power AI Buildout
Article excerpt
Highlighted: the sentence this signal was extracted from
USD.AI has secured a $100 million stablecoin-based debt facility from digital asset platform Bullish to power its GPU financing ecosystem, USD.AI said in a Friday (Aug. 28) press release. Together with the debt facility, Bullish and USD.AI are expanding their joint research initiative to optimize capital formation models for the artificial intelligence capital expenditure sector, according to the release. The companies aim to use Bullish's institutional market structure expertise and USD.AI's GPU financing architecture to connect on-chain liquidity with the demand for AI compute, per the release. David Choi, CEO of Permian Labs, the developer of USD.AI, said in the release that Bullish sees compute becoming a credit market in its own right and that the company can help scale this asset class onchain and expand institutional participation. We'd love to be your preferred source for news. Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks! "[Bullish's] $100 million facility and institutional market structure will help USD.AI finance more of the AI buildout while creating deeper, more transparent markets for compute-backed credit," Choi said. The facility marks Bullish's entry into middle-market AI infrastructure financing, according to the release. "Our commitment to USD.AI reflects a conviction we've believed since...
Keep reading with a free account
The rest of this article, and every signal for Bullish, is in your free account.
