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Morning Edition · Saturday, August 29, 2026Published at 1:48 AM EDT · New York
Bullish Lends USD.AI $100 Million in Stablecoins to Finance Loans Secured by AI Chips
The facility funds non-recourse loans against graphics processing units, settled on-chain, and the exchange plans to list the resulting yield token to create a secondary market in the debt.
Bullish has extended a $100 million stablecoin debt facility to USD.AI, a lending protocol built by Permian Labs that finances graphics processing units (GPUs) used in artificial intelligence infrastructure. The loans are non-recourse and s…
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Part of a tracked trend
On-Chain Credit Funds AI Capital Spending
Stablecoin balances and crypto exchanges increasingly finance artificial intelligence infrastructure through tokenized hardware-backed lending, so digital-asset credit markets take on direct exposure to the AI capital-expenditure cycle and to the residual value of specialized chips.
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