USD.AI developer Permian Labs receives investment from a certain exchange's Ventures
Foresight News reported that the stablecoin protocol USD.AI, which provides credit for AI, announced that a certain exchange's Ventures has invested in Permian Labs. Permian Labs develops and maintains the USD.AI protocol, aiming to facilitate secure on-chain lending operations backed by verifiable productive assets. USD.AI has also issued the stablecoin USDai and the yield-bearing sUSDai, which support the protocol.
Permian Labs, headquartered in New York, is dedicated to on-chain credit protocols for financing productive computing assets. The team builds legal, technical, and risk foundations to support collateralization, origination, and servicing of GPU-backed credit positions through verifiable on-chain mechanisms.
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