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USD.ai
Active AUM
$260.01mKey Metrics
Onchain AUM$260.01m
Change (24h)-0.12%
Active / Onchain100%
DeFi Active TVL$227m
Change (24h)+0.15%
Utilization87.3%
Largest ProtocolFluid Lending$185.08m
Net Flows 30d—
Net Flows 7d—
Live Assets1
Issuers1
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Credit Pool | $260.01m | $260.01m | -27.85% | $227m | 87.3% | -0.20% | $1.12 | |||
About USD.ai
USD.ai lends stablecoins to GPU operators, with each loan secured by the GPUs it finances. Depositors stake USDai as sUSDai to earn the loan interest.
Entity
Legal entityPermian Labs (USD.AI)
HeadquartersNew York, USA
Founded2021
Primary chainArbitrum
Entity structure
Built by Permian Labs Inc., a Delaware corporation from the MetaStreet team, with governance by the Cayman USD.AI Foundation whose subsidiary GPU Finance Ltd. acts as administrative agent on loans. Each borrower holds GPU collateral in a bankruptcy remote Delaware SPV under the CALIBER framework with escrow at a qualified trust company.
Regulation
USD.ai discloses no operating license in any jurisdiction. The protocol is operated by USD.AI Foundation, a Cayman Islands foundation company, and Terms state the tokens are not insured by any agency. Minting and redemption against PYUSD is limited to KYC verified institutions and the 2026 CHIP token sale used US private placement style restrictions.
Compliance
Of 1 assets
Attested1 of 1
KYC to mint or redeemunknown
Allowlisted to holdunknown
Transferable1 of 1
Self custody1 of 1
Redeemable1 of 1
Fees & revenue
ConfidenceNo-public-data
Fees Last Verified2026-07-09
USDai mints and redeems 1 to 1 against PYUSD with no published fee. Economics are a net interest margin between 7 to 15 percent borrower APR and depositor yield plus origination fees, with exact rates not disclosed. sUSDai unstaking runs a 30 day FIFO epoch.
Milestones
- 2026-04CHIP governance token TGE with Binance HODLer airdrop
- 2026-02CHIP sale on CoinList
- 2026-01Sharon AI secured a 500 million dollar non recourse facility
- 2025-10QumulusAI secured a 500 million dollar facility
- 2025-09Bullish made a 4 million dollar investment at 250 million private beta deposits
- 2025-0813.4 million Series A led by Framework Ventures