Bullish Provides $100 Million GPU Loan Facility to USD.AI

August 29 news, according to Crypto.news, Bullish has provided a $100 million GPU loan facility to USD.AI. Developed by Permian Labs, USD.AI aims to connect stablecoin liquidity with enterprises seeking funding to purchase GPUs. The platform does not assess claims against borrowers' overall business but instead issues non-recourse loans collateralized by the computing hardware purchased with the financing.