YZi Labs Announces Strategic Investment in USD.AI
BlockBeats News, August 26th, according to official sources, YZi Labs announced that it has made a strategic investment in USD.AI, with the specific amount undisclosed. USD.AI is a protocol that provides hardware support financing for artificial intelligence infrastructure.
This investment aims to accelerate USD.AI's mission to build a new type of stablecoin, allowing it to scale with the growth of global computing demands, enabling every operator to become a super computing power provider.
USD.AI has created a unique financial solution designed to address this capital acquisition problem. Unlike traditional financing relying on cash flow projections, USD.AI's loans are asset-backed, with each loan backed 1:1 by actual AI hardware. This innovative approach allows loans to be completed within 7 days, a significant acceleration compared to the 60-90 day process of traditional credit funds. This speed difference, crucial for capital-intensive industries, may determine whether a business expands or stagnates.
You may also like
Gainers
Latest Crypto News
Sony Bank to Issue US Dollar-Backed Stablecoin in the United States
WSJ: Investments Tied to Trump Falter Since His Return to the White House
Spot Gold Breaks $4250/oz, Rises 0.76% Intraday
Telegram Founder: Decentralized Secure Computation Network Cocoon is Now Live
A Whale Doubles Down on Short Position of Over 6300 ETH, Realizing a Floating Profit of $1 Million in Just 1 Hour
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com