USD.AI received $40 million in revolving debt financing from K3 Capital

AI Infrastructure Financing Agreement USD.AI announced that it has secured $40 million in stablecoin revolving debt financing from the crypto-native asset management company K3 Capital to support the launch of new financing products. This financing provides short-term credit collateralized by sUSDai, which can be withdrawn, repaid, and reused on demand.

The loan term for USD.AI is three years with monthly amortization, and the cycle for funds entering and exiting sUSDai is shorter. K3 Capital co-founder Kiril Nikolov stated: K3's strategy is to identify inefficiencies in such market structures and support trusted teams willing to provide short-term credit collateralized by sUSDai. David Choi, CEO of Permian Labs (the developer of USD.AI), mentioned that the company is preparing to launch new products that require more flexible short-term funding sources, and K3 designed the on-chain credit arrangement accordingly.

This financing builds on the existing liquidity relationship between the two parties. USD.AI provides non-dilutive financing to AI infrastructure operators, with loans being non-recourse and secured by underlying GPU infrastructure. Previously, USD.AI also announced that it secured $100 million in stablecoin debt financing from Bullish. K3 Capital has been managing strategies such as interest rate arbitrage and liquidity provision since 2021.