A $500M approval signals confidence in alternative financing models, but deployment pace and utilization will be key.
Binance News
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USD.AI Approves $500 Million Loan for Sharon AI's Expansion
USD.AI, a blockchain-based lending protocol, has approved a $500 million loan for Sharon AI, an Australian AI infrastructure company. According to NS3.AI, the loan aims to support Sharon AI's expansion of GPU deployments, beginning with a $65 million GPU acquisition this quarter. USD.AI provides loans to AI startups backed by tokenized GPU assets, offering solutions to financing challenges faced in traditional systems.
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