ChainCatcher news, reported by CoinDesk, that the GPU collateral stablecoin protocol USD.AI developed by Permian Labs has completed a $13 million Series A funding round, led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum, and others.

The protocol provides loans to emerging AI companies by using graphics processing unit (GPU) hardware as collateral, reducing approval times by more than 90% compared to traditional lending institutions. The system includes a stablecoin USDai pegged to the US dollar and a yield-bearing token sUSDai supported by computational asset returns.