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
Tether CEO Responds to FUD: Tether Q3 Group Equity Close to $30 Billion, with U.S. Treasury Bonds Generating Approximately $500 Million in Monthly Net Income
Ethereum's Net Supply in the Last 30 Days Has Increased by 77,380 ETH
Rayls will have its TGE on December 1st
Ethereum developers are preparing for the Fusaka upgrade on December 3rd.
Hasset: Would Be Honored to Serve as Federal Reserve Chair if Nominated by Trump
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com