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USD.AI Developer Permian Labs Receives Investment from Coinbase Ventures
Summary: According to reports, stablecoin protocol USD.AI, which provides credit for AI, announced that Coinbase Ventures has invested in Permian Labs. Permian Labs develops and maintains the USD.AI protocol, aimed at facilitating secure on-chain lending operations collateralized by verifiable productive assets. USD.AI also issues stablecoin USDai and yield-bearing sUSDai to support the protocol. Based in New ...
According to reports, stablecoin protocol USD.AI, which provides credit for AI, announced that Coinbase Ventures has invested in Permian Labs. Permian Labs develops and maintains the USD.AI protocol, aimed at facilitating secure on-chain lending operations collateralized by verifiable productive assets. USD.AI also issues stablecoin USDai and yield-bearing sUSDai to support the protocol. Based in New York, Permian Labs focuses on financing productive computing assets through on-chain credit protocols. The team builds legal, technical, and risk foundations to support operations for collateralizing, originating, and servicing GPU-backed credit positions through verifiable on-chain mechanisms.
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Link: USD.AI Developer Permian Labs Receives Investment from Coinbase Ventures [Copy]
