Stablecoin protocol USD.AI has completed a $13 million Series A funding round, led by Framework Ventures.
BlockBeats News, August 14th, according to CoinDesk, USD.AI, a stablecoin protocol providing credit for AI, has completed a $13 million Series A financing round. The round was led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum, and others. USD.AI, developed by Permian Labs, uses Graphics Processing Unit (GPU) hardware as collateral to lend to AI companies. The on-chain system includes the USD-pegged token USDai and an income-generating computing asset-backed yield token called sUSDai. During a private testing phase, USD.AI has already received $50 million in deposits and plans to publicly launch an ICO and a game-based distribution model.
You may also like
Gainers
Latest Crypto News
Multiple Institutions Q3 Sell-off Strategy, Sell-off Size Approximately $5.4 Billion
Data: Since its inception, the Department of Government Efficiency (DOGE) has seen the official US debt increase by $2.1 trillion
Ant Group Chairman Eric Jing: Blockchain Smart Contracts Can Solve the Issue of Fair Distribution of Intelligent Body Income
Twenty One Capital CEO Reveals Their Account Was Previously Closed by JPMorgan Chase
Duan Yongping: Don't think Nvidia is a bubble, don't miss out on AI
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com