Bullish backs GPU credit protocol USD.AI with $100M

Crypto exchange Bullish is giving stablecoin protocol USD.AI a $100 million debt facility to finance loans backed by graphics processing units, CoinDesk's Jamie Crawley reported.

USD.AI holds more than $225 million in locked crypto assets. Bullish, CoinDesk's parent, also plans to list its sUSDai token, creating a secondary market for GPU-backed debt.