Crypto exchange Bullish provided a $100M debt financing facility to stablecoin protocol USD.AI, built by Permian Labs, to support GPU-collateralized loans. USD.AI already holds over $225M in locked crypto assets, and Bullish plans to list its sUSDai token with new trading pairs.
Matters because: It shows growing convergence between DeFi credit markets and AI infrastructure financing, an emerging niche worth watching for further institutional capital deployment.