USD.AI closed its $CHIP token sale raising $19.4M on CoinList, pricing 700M tokens at $0.03 with a $...
The AMW Read
The article introduces a new financing mechanism (DeFi-AI convergence) that uses GPUs as collateral to solve the AI capex bottleneck, updating the infrastructure layer's capital dynamics.
USD.AI closed its $CHIP token sale raising $19.4M on CoinList, pricing 700M tokens at $0.03 with a $300M FDV. This synthetic stablecoin protocol backs loans with GPU collateral and tokenized U.S. Treasuries, currently managing ~$457M TVL with sUSDai yielding 6.75-10%+ from AI infrastructure lending. The raise validates DeFi-AI convergence, addressing the AI capex bottleneck where traditional lenders require $20M+ minimums and months for approval. With a $1.5B+ loan pipeline and backing from Framework Ventures, Dragonfly, and Coinbase Ventures, USD.AI creates real yield from productive hardware assets rather than crypto-native loops. The 100% token unlock at March TGE introduces volatility, but the protocol positions itself as critical infrastructure for financing the agentic economy. 🚀
