“The Non-Recourse Facility Allows Qumulusai to Borrow Stablecoins Against Up to 70% of ITS APROVED GPU DEPLYMENTS.”, – WRITE: www.coindesk.com
The Financing Was Arranged by Permian Labs and Will Be Distributed Via USD.AI, A Blockchain-Based Credit Protocol That Connects Crypto Liquidity to Real Coindesk.
The Non-Recourse Will ALLOW Qumulusai to Borrow Stablecoins Against Up to 70% of Its Approved GPU Deployments, Giving The Company Faster Access to Capital. Venture Debt, The Company Said.
Gpus are the Backbone of Artificial Intelligence (AI) Infrastructure, As They Can Handle thooussands of tasks at once and are cryitical for training and running large Ai Models. As demand for ai systs Grows, so does the race to secure Access to the Chips that Power them.
Qumulusai’s Funding Comes As Demand for Computing Power Soars, But Capital for Smaller Operators Remains Tight. Much of the Industry’s GPU Supple is Still Cornered by Tech Giants Such as Google, Meta and Openai in the Race for the most Advanced ai Model.
Permian Labs, whol Developed The USD.AI Framework, Tokenizes Gpus Into Warehouse Receipt Tokens, Gwrts, WHICH CAN BE USED AS COLLATERAL ON-CHAIN.
“By Leveraging Permian Labs’ Tokenization Framework, We Can Scale Faster and More Flexibly – Meeting the Surge in AI Compute Demand Without the CONSTRAINTS OF LEGACY FINANCING, Maniscalco.
Bullish, Whose Parent Company Bullish Global is Also The Owner of Coindesk, Last Month Inwested $ 4 Million Into USD.AI.
The Growth of the Stablecoin Sector As Been One of the Standout Trends in the Digital Asset Industry Over the Last Year.
- The Venture Arm of the US Multinational Bank Citigroup Made a Strategic Investment in Stablecoin Payments Platform Bvink.
- Citi Ventures Joins Visa in Backing Bvink, After The Payments Giant Made Its Own Strategic Investment in the Company in May This Year.
- BVNK Processes Over $ 20 Billion in Payments Annuly and Counts Worldpay, Flywire and Dlocal Among ITS Clients.
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