PANews reported on November 17th that Permian Labs, the development team behind USD.AI, announced it has received investment from Coinbase Ventures, though the specific amount was not disclosed. USD.AI is a structured on-chain credit system that connects decentralized liquidity with real-world financing via GPU infrastructure that supports artificial intelligence. Permian Labs is reportedly responsible for developing and maintaining the USD.AI protocol, which aims to facilitate on-chain secured lending operations using verifiable productive assets as collateral. USD.AI is also the issuer of the stablecoin USDai and the yield-generating sUSDai, both of which form the basis of the protocol.PANews reported on November 17th that Permian Labs, the development team behind USD.AI, announced it has received investment from Coinbase Ventures, though the specific amount was not disclosed. USD.AI is a structured on-chain credit system that connects decentralized liquidity with real-world financing via GPU infrastructure that supports artificial intelligence. Permian Labs is reportedly responsible for developing and maintaining the USD.AI protocol, which aims to facilitate on-chain secured lending operations using verifiable productive assets as collateral. USD.AI is also the issuer of the stablecoin USDai and the yield-generating sUSDai, both of which form the basis of the protocol.
USD.AI development team Permian Labs announced it has received investment from Coinbase Ventures.
PANews reported on November 17th that Permian Labs, the development team behind USD.AI, announced it has received investment from Coinbase Ventures, though the specific amount was not disclosed. USD.AI is a structured on-chain credit system that connects decentralized liquidity with real-world financing via GPU infrastructure that supports artificial intelligence.
Permian Labs is reportedly responsible for developing and maintaining the USD.AI protocol, which aims to facilitate on-chain secured lending operations using verifiable productive assets as collateral. USD.AI is also the issuer of the stablecoin USDai and the yield-generating sUSDai, both of which form the basis of the protocol.
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