USD.AI Secures $40 Million Revolving Credit Facility from K3 Capital
AI infrastructure financing protocol USD.AI has secured a $40 million revolving stablecoin credit facility from crypto-native asset manager K3 Capital. The facility, collateralized by sUSDai, offers a three-year term with monthly amortization and allows for flexible, on-demand borrowing and repayment. This funding is intended to support the launch of new products requiring agile short-term capital. USD.AI provides non-dilutive, non-recourse loans to AI infrastructure operators, backed by underlying GPU assets. This agreement builds on an existing liquidity relationship between the two firms and follows a previous $100 million stablecoin debt financing from Bullish.
Summaries are written by AI from the original article. Not investment advice.