Bullish extends $100 million debt facility to USD.AI

Bullish is extending a $100 million debt facility to USD.AI. The financing will provide USD.AI with liquidity to make loans secured by graphics processing units. GPUs process large amounts of data in parallel and support AI infrastructure. Bullish plans to list USD.AI's sUSDai across multiple trading pairs. The planned listings would create a secondary market for exposure to GPU-backed debt. USD.AI is a stablecoin protocol that connects AI infrastructure financing with onchain capital. Crypto assets worth more than $225 million were locked in the protocol as of the article's publication. David Choi, CEO of USD.AI developer Permian Labs, said compute is becoming a credit market. Choi said the facility will help USD.AI finance more AI infrastructure and create deeper, more transparent markets for compute-backed credit.