USD.AI Launches GPU Lending Market GLX, Surpassing $200 Million in First Month

USD.AI has launched the GPU-backed lending market (GLX). In its first month, GLX facilitated over $200 million in GPU financial transactions, with a cumulative GPU financing amount reaching $531 million. Launched on October 1, GLX is a trading market that connects institutional investor funds to GPU-backed loans, with the first transaction being a $98.1 million loan to Duos Edge AI. A $106 million collateral loan for building GPU infrastructure in Finland by NexGen Cloud was also executed through GLX. Silverpoint Capital and Victory Park Capital participated in this transaction. USD.AI has introduced the CHIP Hurdle Rate (CHR) system, supporting an annualized yield of 7% for sUSDai, and donated 127,927.66 USDai during the initial application period to maintain the yield at 7.00%. Additionally, approximately $1 million was invested to purchase 22,343,372 CHIP. USD.AI is currently processing a reward claim for 225 million CHIP for participants in Allo Season 2, with a claim deadline of January 31, 2027.

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