According to reports, the onchain lending protocol USD.AI has approved a $500 million loan for an Australian AI startup. USD.AI functions primarily as an onchain bank, focusing on providing financial services to AI startups. The protocol accepts tokenized GPUs as collateral for stablecoin loans, according to the report. The development highlights the increasing intersection of decentralized finance (DeFi) and artificial intelligence, with protocols like USD.AI aiming to support the growth of AI companies through crypto-backed lending solutions.

According to reports, the onchain lending protocol USD.AI has approved a $500 million loan for an Australian AI startup. USD.AI functions primarily as an onchain bank, focusing on providing financial services to AI startups. The protocol accepts tokenized GPUs as collateral for stablecoin loans, according to the report. The development highlights the increasing intersection of decentralized finance (DeFi) and artificial intelligence, with protocols like USD.AI aiming to support the growth of AI companies through crypto-backed lending solutions.