{"id":"bd1a747d-1df2-4427-9d37-dedc7176fab9","name":"USD.AI","slug":"usd-ai","description":"USD.AI is an onchain lending protocol (developed by Permian Labs) that provides non-recourse, asset-backed financing secured by verified GPU infrastructure for AI operators. Loans are settled on-chain against tokenized compute collateral rather than corporate balance sheets.","status":"private","founded":null,"hq":null,"hqLat":null,"hqLng":null,"hqGeocodedAt":null,"hqAddress":null,"hqPrecision":null,"website":"https://usd.ai","fundingTotal":null,"type":"infrastructure","roles":[],"reviewStatus":"reviewed","heatIndex":0,"lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://usd.ai/insights/crucible-capital-26m-gpu-backed-loan","title":"Crucible Capital Draws $26.8M Loan from USD.AI","sourceName":"USD.AI","publishedAt":"2026-04-06"},{"url":"https://cruciblecapital.substack.com/p/crucible-capital-finances-compute","title":"Crucible Capital Finances Compute Deployment with $26.8M Onchain Debt Facility from USD.AI","sourceName":"Crucible Capital (Substack / Meltem Demirors)","publishedAt":"2026-04-06"},{"url":"https://www.prnewswire.com/news-releases/usdai-announces-128-9m-gpu-financing-facility-its-largest-to-date-302888224.html","title":"USD.AI Announces $128.9M GPU Financing Facility, Its Largest to Date","sourceName":"PR Newswire / USD.AI"},{"url":"https://www.prnewswire.com/news-releases/usdai-secures-100m-stablecoin-debt-facility-from-bullish-for-gpu-financing-302862370.html","title":"USD.AI Secures $100M Stablecoin Debt Facility From Bullish for GPU Financing","sourceName":"PR Newswire / USD.AI"}],"keyFacts":[{"label":"Crucible Capital $26.8M B300 GPU loan (company-stated, Apr 2026)","value":"Company-stated ([company-stated](https://usd.ai/insights/crucible-capital-26m-gpu-backed-loan); also [Crucible](https://cruciblecapital.substack.com/p/crucible-capital-finances-compute)): USD.AI closed a $26,821,644 non-recourse, asset-backed onchain loan to Crucible Capital secured by 72 NVIDIA B300 servers (576 GPUs total). USD.AI says 10.0% annual rate, three-year term, 70% LTV. Protocol developed by Permian Labs; framed as GPU-collateralized compute financing settled on-chain. Cap: USD.AI + Crucible April 2026 primaries; midday digest resurfaced via Meltem/trending X, not a Sep 28 announcement"},{"label":"HQ / positioning","value":"Onchain lending protocol for AI infrastructure operators (GPU-backed, non-recourse credit). Developed by Permian Labs. usd.ai"},{"label":"$128.9M GPU financing facility (company PR)","value":"USD.AI announced a $128.9 million GPU financing facility, which it called its largest to date, to fund a GPU cloud provider deploying NVIDIA GB200 systems in Canada ([PR Newswire / USD.AI](https://www.prnewswire.com/news-releases/usdai-announces-128-9m-gpu-financing-facility-its-largest-to-date-302888224.html)).","sourceUrl":"https://www.prnewswire.com/news-releases/usdai-announces-128-9m-gpu-financing-facility-its-largest-to-date-302888224.html"},{"label":"$100M Bullish stablecoin debt facility (company PR)","value":"USD.AI said it secured a $100 million stablecoin debt facility from Bullish to expand non-recourse, asset-backed GPU financing for AI compute operators ([PR Newswire / USD.AI](https://www.prnewswire.com/news-releases/usdai-secures-100m-stablecoin-debt-facility-from-bullish-for-gpu-financing-302862370.html)).","sourceUrl":"https://www.prnewswire.com/news-releases/usdai-secures-100m-stablecoin-debt-facility-from-bullish-for-gpu-financing-302862370.html"}],"aliases":["USD AI","USDai","usd.ai","Permian Labs USD.AI"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":null,"stockExchange":null,"secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":null,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-09-28T21:02:00.325Z","updatedAt":"2026-09-29T21:54:41.395Z","jsonLd":{"@context":"https://schema.org","@type":"Organization","@id":"https://registry.deploy.report/companies/usd-ai","url":"https://registry.deploy.report/companies/usd-ai","name":"USD.AI","alternateName":["USD AI","USDai","usd.ai","Permian Labs USD.AI"],"description":"USD.AI is an onchain lending protocol (developed by Permian Labs) that provides non-recourse, asset-backed financing secured by verified GPU infrastructure for AI operators. Loans are settled on-chain against tokenized compute collateral rather than corporate balance sheets.","identifier":"bd1a747d-1df2-4427-9d37-dedc7176fab9","publisher":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"verified","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":4,"primary_source_types":[]}}}