USDai Metrics
Spot Volume (24H)
$2.08M-32.22%
Marketcap
$269M
FDV
$269M
Mindshare
Very Low
Metrics (24H)
4 Notable Posts
Circ. Supply
269.6M
Sentiment
24H
7D
Max Supply
-
Mcap/FDV
100%
Total Supply
269.6M
Sector Ranking
#25
About & Links
About & Links
USD.AI is a synthetic dollar protocol that finances GPU-backed AI infrastructure through collateralized infrastructure credit and Treasury bill holdings for idle capital. It issues USDai, a non-yielding synthetic dollar token redeemable for stablecoins, and sUSDai, a staked yield-bearing token received by staking USDai and redeemable after an unstaking period. Loans are collateralized through CALIBER, an offchain and onchain tokenization registry for hardware and represents assets 1:1 as NFTs.
Sector Rank
#25
Sub-Sector Rank
#3
Contracts
API ID
USDai Performance
All Time High
$1.06-5.83%
Oct 05, 2025
Cycle Low
$0.993+0.60%
Jan 01, 2026
Trending
USDai Metrics
Spot Volume (24H)
$2.08M-32.22%
Marketcap
$269M
Mindshare
Very Low
Sentiment Chg
24H
7D
Last Updated: Oct-29-2026 9:56 UTC
USD.AI Project Update
Currently Interesting
USD.AI is winding down its Auto strategy vaults for USDai and sUSDai, with the sunset scheduled for November 24th as the protocol shifts toward direct issuance and streamlined liquidity management 1. During the last cap raise, the Auto strategy vaults took in $75 million with a 30-day lockup and a 15x Allo Points backstop to cover Euler Frontier USDai market risks across Arbitrum and Plasma 1. As Pendle market maturity approaches, Euler Frontier risk has diminished due to K3 Capital's risk curation, allowing protocol-controlled liquidity to be returned to depositors 1. The unwind includes a single round of USDC withdrawals beginning November 3, with AutoUSDai withdrawals available after the 15x points period ends on November 7, and remaining deposits airdropped as USDai or sUSDai on November 24 1. A critical warning applies: if AutoUSDai was deposited into Euler to borrow USDC, users must withdraw before the airdrop or funds will be lost if tokens remain in the Euler vault 1. This sunset marks a transition toward direct issuance and streamlined liquidity management as USDai matures 1.
Get Caught Up
Chainlink Oracle Integration: USD.AI officially adopted Chainlink as its oracle provider to secure accurate on-chain rates for its AI-backed stablecoin infrastructure, including the sUSDAI-USDAI exchange rate on Plasma and the USDAI-USD market rate feed on Plasma and Arbitrum 2. An oracle is a service that feeds external data onto a blockchain; Chainlink Price Feeds aggregate data from hundreds of exchanges, filter out outliers, and are secured by independent oracle nodes 2. This integration helps USD.AI scale its $580M+ total value locked (TVL) and positions it to provide reliable on-chain prices for AI compute financing 2.
QumulusAI $500M Facility: QumulusAI announced a $500 million non-recourse guidance facility arranged by Permian Labs and distributed through the USD.AI Protocol to finance up to 70% of approved GPU deployments with stablecoin liquidity 3. Permian Labs tokenizes GPUs as financeable assets via GPU Warehouse Receipt Tokens (GWRTs), which serve as collateral for borrowing stablecoins in a blockchain-based credit market 3. This arrangement provides faster, non-dilutive access to capital for scaling AI infrastructure compared to traditional bank or private credit 3.
USDai $100M Cap Raise for Euler Unwind: The autoUSDai cap was raised by $100 million exclusively for the autoUSDai vault on Arbitrum to provide liquidity for the orderly unwind of Euler Frontier USDai borrowings and stabilize the USDai market 4. Depositors earned a 25× Points multiplier for 30 days as a one-time incentive, and any profits from unwind operations were returned to autoUSDai depositors as additional yield 4. This mechanism created internal, protocol-native liquidity to absorb USDai sales and allow borrowers to exit positions without causing excessive volatility 4.
Biggest Stories of 2025
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PYUSD Integration and Incentive Program: PayPal and Permian Labs partnered to integrate PayPal USD (PYUSD) into USD.AI's AI infrastructure financing, allowing AI companies to settle data-center CapEx and operational costs using PYUSD, with a customer incentive program offering 4.5% yield on up to $1 billion in deposits starting in early January 56. (December 18, 2025)
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M0 and Chronicle Stablecoin Issuance Standard: M0 and Chronicle partnered to establish a new standard for institutional-grade stablecoin issuance centered on verifiable, independent assurance, with USD.AI issuing USDai as an example of M0's multi-issuer infrastructure built upon Chronicle's verification standard 7. (December 17, 2025)
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"Why Banks Can't Fund The GPU Revolution": An analysis explained that traditional commercial banks are largely unable to finance the massive global buildout of AI infrastructure, estimated to require up to $3 trillion through 2028, due to stringent Basel III regulatory requirements, positioning USD.AI to exploit this structural gap with a lower cost of capital 8. (December 16, 2025)
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Quantum Solutions $200M Financing Facility: Quantum Solutions Co., Ltd., a Japanese technology firm, secured a $200 million guidance facility through the USD.AI protocol to access GPU mortgages and onchain credit for its AI data center expansion across Japan and the Asia-Pacific region, becoming the first operator in Japan to adopt this institutional-scale onchain credit infrastructure 9. (December 9, 2025)
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7-Day GPU Financing: USD.AI introduced a novel 7-day GPU financing option for AI infrastructure operators, dramatically cutting the traditional 60-90 day financing cycle by combining blockchain tokenization with non-recourse, asset-backed lending and treating GPUs as liquid collateral via GPU Warehouse Receipt Tokens (GWRTs) 10. (December 5, 2025)
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Coinbase Prime Integration: USD.AI integrated with Coinbase Prime to facilitate institutional access to GPU-backed credit, serving as the standard custodial environment for borrowers to hold funds, receive loan proceeds, make repayments, and convert stablecoins to fiat without prior exposure to digital assets 11. (November 20, 2025)
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Coinbase Ventures Investment: Coinbase Ventures invested in Permian Labs, the developer of USD.AI, to scale on-chain credit that finances GPU infrastructure for the global AI economy, with USD.AI built from three modular components—CALIBER for asset tokenization, FiLo for decentralized underwriting, and QEV for liquidity sequencing 12. (November 17, 2025)
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"The Discipline Layer of USD.AI": An update reported that two months after launch, USD.AI loans were delayed not by capacity but by a slow time-to-onramp (TtO), with loan issuance taking weeks rather than days, contributing to a 99.9% reserve position in T-Bills, and explaining the deposit caps on USDai and sUSDai 13. (November 6, 2025)
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Auto Strategy Vaults Sunset Announcement: USD.AI announced it was winding down the Auto strategies for USDai and sUSDai, with the sunset scheduled for November 24th as the protocol shifted toward direct issuance and streamlined liquidity management 1. (October 29, 2025)
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Chainlink Oracle Adoption: USD.AI officially adopted Chainlink as its oracle provider to secure accurate on-chain rates for its AI-backed stablecoin infrastructure, including the sUSDAI-USDAI exchange rate and the USDAI-USD market rate feed 2. (October 9, 2025)
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QumulusAI $500M Facility: QumulusAI announced a $500 million non-recourse guidance facility arranged by Permian Labs and distributed through the USD.AI Protocol to finance up to 70% of approved GPU deployments with stablecoin liquidity 3. (October 9, 2025)
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USDai $100M Cap Raise for Euler Unwind: The autoUSDai cap was raised by $100 million exclusively for the autoUSDai vault on Arbitrum to provide liquidity for the orderly unwind of Euler Frontier USDai borrowings and stabilize the USDai market 4. (October 6, 2025)
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$13.4M Series A: USD.AI announced a $13 million Series A led by Framework Ventures with participation from Dragonfly, Arbitrum, Big Brain Holdings, CMT Digital, Hermeneutic Investments, FWL Capital, and Flowdesk, funding a new yield-bearing stablecoin backed by GPU hardware 14. (August 20, 2025)
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Private Beta Launch: USD.AI launched a Private Beta for its synthetic dollar protocol designed to redirect DeFi capital into real-world infrastructure finance, starting with internet, AI, and energy ecosystems, using a dual-asset model of USDai and sUSDai 15. (June 10, 2025)
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M^0 Partnership: USD.AI announced it would be powered by M^0's programmable stablecoin platform to provide scalable, stable liquidity for DePIN and AI compute financing, with USDai fully collateralized by M^0's $M digital dollar backed by US treasuries 16. (March 25, 2025)
News 16
About & Links
About & Links
USD.AI is a synthetic dollar protocol that finances GPU-backed AI infrastructure through collateralized infrastructure credit and Treasury bill holdings for idle capital. It issues USDai, a non-yielding synthetic dollar token redeemable for stablecoins, and sUSDai, a staked yield-bearing token received by staking USDai and redeemable after an unstaking period. Loans are collateralized through CALIBER, an offchain and onchain tokenization registry for hardware and represents assets 1:1 as NFTs.
Sector Rank
#25
Sub-Sector Rank
#3
Contracts
API ID
Access funding rounds, raises, and more