Private Credit RWAs
USDai, a yield-bearing dollar backed by loans against GPUs and AI compute.
PlasmaUSD.AI lends to AI infrastructure companies outside the big-fund circle, using GPUs and compute hardware as collateral, and passes the interest to holders of staked USDai.
Independent underwriters vet each borrower, reserves and loans are visible on-chain, and a mechanism called QEV gives lenders a faster exit from long-term loans.
It holds over $600 million in deposits from about 77,000 users, and is developed by Permian Labs with backing from Dragonfly and Coinbase Ventures.
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Explains the loan structure behind USD.AI's GPU-backed financing, including SPVs, offtake agreements and escrow.
Explains borrower checks, loan structure, collateral monitoring, and risk controls behind USD.AI's GPU credit facilities.
Private Credit RWAs • Ethereum
Real Estate RWAs • Base
Private Credit RWAs • Ethereum
