Bullish provides a credit line of 100 million USD to USD.AI to support GPU mortgages

Cryptocurrency platform Bullish announced a $100 million debt financing line to the stablecoin protocol USD.AI to support GPU-collateralized loan operations. This financing will help USD.AI provide liquidity for artificial intelligence infrastructure development, connecting on-chain capital with computing power financing needs through tokenization.

USD.AI, developed by Permian Labs, currently has over $225 million in crypto assets locked within the protocol. Bullish Exchange also plans to launch the sUSDai token of USD.AI and open multiple trading pairs, providing investors with access to a secondary market channel for GPU-collateralized debt.

David Choi, CEO of Permian Labs, stated that computing power is becoming an independent credit market, and this financing will help USD.AI fund more AI development while creating a more transparent and in-depth computing power credit market.