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Bullish Backs USD.AI With a $100 Million Credit Line for GPU-Secured Lending
Cryptocurrency platform Bullish has provided USD.AI with a $100 million debt facility to offer loans backed by graphics processing units (GPUs). This initiative aims to bridge the gap between on-chain capital and the financing needs of AI infrastructure development. The deal also involves listing USD.AI's sUSDai on trading pairs to create a secondary market for GPU-backed debt.
Sui Launches Hashi Testnet, Bringing Bitcoin-Backed Lending Closer to Mainnet
Sui has launched its Hashi testnet, enabling developers and institutions to trial Bitcoin-backed lending applications before the mainnet release. This system allows native Bitcoin to be used as collateral on the Sui network without leaving the Bitcoin blockchain, governed by smart contracts and secured by a new Guardian Layer for enhanced safety. Over 25 partners, including major custody and trading firms, are testing the infrastructure, with legal analysis suggesting deposits and redemptions may not be taxable events in the U.S.
