5 days ago
Stablecoin protocol USD.AI, which provides recognition to artificial quality (AI) companies, has raised $13 cardinal successful Series A backing led by Framework Ventures.
USD.AI, developed by Permian Labs, issues loans to emerging AI firms utilizing graphics processing portion (GPU) hardware arsenic collateral, cutting support times by much than 90% compared with accepted lenders. The on-chain strategy includes USDai, a dollar-pegged token, and sUSDai, a yield-bearing mentation backed by income-generating compute assets.
GPUs are cardinal hardware to AI processes done performing the galore calculations astatine erstwhile required to marque the process of grooming and utilizing AI models overmuch faster.
CEO David Choi said USD.AI's exemplary “treats GPUs similar commodities,” enabling fast, programmatic indebtedness approvals without accepted gatekeeping, successful an announcement shared with CoinDesk connected Thursday.
Framework’s Vance Spencer likened AI’s superior demands to the “oil boom” and said USD.AI could democratize entree to backing portion offering investors output tied to AI assemblage growth.
With $50 cardinal already successful deposits during backstage beta, USD.AI plans a nationalist motorboat featuring an ICO and a game-based allocation model.
USD.AI whitethorn correspond the imaginable of a convergence betwixt stablecoins, which person been astatine the forefront of the regulatory advancements successful integer assets, and AI which has rapidly ascended to mainstream adoption successful caller years.
Together, the 2 could create a much intelligent and businesslike fiscal system. This synergy allows AI agents to transact autonomously and reliably utilizing a unchangeable currency, enhancing fiscal automation, security, and hazard absorption crossed assorted applications from payments to decentralized finance.
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