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About USD.AI
Analysis of 28 Jul 2026USD.AI is a lending protocol that finances AI infrastructure with physical GPU clusters as collateral. Borrowers access stablecoin credit, while depositors use USDai and yield-bearing sUSDai.
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CHIP governs collateral standards, interest rates, fee routing, and protocol upgrades. In its June 8 report, USD.AI disclosed 13 active loans, $205 million deployed, $398 million in TVL, and $30 million in annualized Q2 DAO revenue.
CoinGecko showed about $158 million in TVL on July 28, reflecting a later market snapshot rather than the issuer’s June report.
CHIP has substantial dilution risk: CoinGecko reported 2 billion tokens circulating from a 10 billion maximum supply.
