5 hours ago
The non-recourse installation allows QumulusAI to get stablecoins against up to 70% of its approved GPU deployments.
Oct 9, 2025, 10:01 a.m.
QumulusAI, a institution gathering GPU-powered unreality infrastructure for artificial intelligence, has locked successful a $500 cardinal recognition installation to money its increasing fleet of graphics processing units (GPUs).
The financing was arranged by Permian Labs and volition beryllium distributed via USD.AI, a blockchain-based recognition protocol that connects crypto liquidity to real-world infrastructure, according to an announcement shared with CoinDesk.
The non-recourse installation volition let QumulusAI to get stablecoins against up to 70% of its approved GPU deployments, giving the institution faster entree to superior than accepted recognition routes similar slope loans oregon task debt, the institution said.
GPUs are the backbone of artificial quality (AI) infrastructure, arsenic they tin grip thousands of tasks astatine erstwhile and are captious for grooming and moving ample AI models. As request for AI systems grows, truthful does the contention to unafraid entree to the chips that powerfulness them.
QumulusAI's backing comes arsenic request for computing powerfulness soars, but superior for smaller operators remains tight. Much of the industry’s GPU proviso is inactive cornered by tech giants specified arsenic Google, Meta and OpenAI successful the contention for the astir precocious AI model.
Permian Labs, which developed the USD.AI framework, tokenizes GPUs into warehouse receipt tokens, GWRTs, which tin beryllium utilized arsenic collateral on-chain.
"By leveraging Permian Labs' tokenization framework, we tin standard faster and much flexibly – gathering the surge successful AI compute request without the constraints of bequest financing,” said QumulusAI CEO Mike Maniscalco.
Bullish, whose genitor institution Bullish Global is besides the proprietor of CoinDesk, past period invested $4 cardinal into USD.AI.
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- BVNK processes implicit $20 cardinal successful payments annually and counts Worldpay, Flywire and dLocal among its clients.
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