Bullish to invest $100M in USD.AI, using GPUs as collateral

Crypto trading platform Bullish (BLSH) plans to invest $100 million in AI infrastructure finance protocol USD.AI (CHIP), CoinDesk reported. USD.AI plans to use the funding to provide loans to AI infrastructure companies backed by high-performance computing equipment such as GPUs, linking stablecoin liquidity from the crypto market with investment in AI infrastructure. The protocol currently holds more than $225 million in deposited cryptocurrencies. Bullish also plans to list USD.AI’s token, sUSDai, tied to GPU-backed lending.