USD.AI approves up to $500 million GPU financing line for Sharon AI
PANews reported on January 23 that, according to an official announcement from USD.AI, USD.AI has approved up to $500 million in asset-backed, non-recourse debt facilities for Australian AI computing power provider Sharon AI. Through an on-chain credit system, stablecoin liquidity will be used to finance GPU deployments. The earliest utilization is expected in Q1 2026, with the first batch amounting to approximately $65 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. Senate bill proposes to ban the Federal Reserve from issuing a retail CBDC
Trending news
MoreU.S. Senate bill proposes to ban the Federal Reserve from issuing a retail CBDC
International rating agency Fitch recently downgraded the credit rating of Paramount Skydance Corp (stock code: PSKY), noting that the adjustment mainly reflects two core risks: the intense competitive pressure faced by the media industry as a whole, and the continued pressure on free cash flow caused by significant transformation expenditures.
