PANews August 14 news, according to CoinDesk, the stablecoin protocol USD.AI announced the completion of a $13 million Series A financing, led by Framework Ventures, with participation from Bullish, Dragonfly, and Arbitrum. USD.AI is developed by Permian Labs and provides loans collateralized by GPU hardware specifically for AI enterprises, with an approval efficiency improvement of over 90%. The project has secured $50 million in deposits and plans to publicly issue an ICO using a gamified distribution model.