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The Weighted Average

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USD.AI secures $100M GPU debt facility

USD.AI secured a $100 million stablecoin-based debt facility from Bullish to finance loans backed by high-performance GPUs. The announcement says the facility will fund direct lending against compute assets and support sUSDai trading markets intended to improve liquidity and price discovery for GPU-backed debt. Builders should file this beside the data-center capex race that makes energized compute scarce: the next financing layer for AI capacity may be asset-backed credit, not just cloud commitments, so ask who owns the hardware risk before treating rented GPUs as simple usage.