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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.
Grayscale Seeks SEC Approval for America’s First Worldcoin ETF
Grayscale has submitted an S-1 registration statement to the SEC for the first US exchange-traded fund backed by Worldcoin's WLD token, aiming to trade on Nasdaq under the ticker GWLD. The proposed passive fund would directly hold WLD and track its price via the CoinDesk Worldcoin Benchmark Rate, minus expenses. While details like management fees are still to be determined, the filing marks a significant step in Grayscale's expansion into single-asset cryptocurrency funds.
