Bullish Extends $100 Million GPU-Backed Credit Line to USD.AI
NYC-listed exchange operator Bullish provided USD.AI with a $100 million stablecoin debt facility to finance loans secured by GPU hardware. The borrower will lend into AI infrastructure, using chips as collateral instead of crypto tokens. Compute is becoming a balance-sheet asset the same way Treasurys sit behind tokenized cash. The facility is small next to hyperscaler capex, but it shows crypto lenders chasing the AI buildout rather than only perpetual funding.
August 30, 2026 26
