USD.AI approves a $500 million USD loan for Sharon AI to expand GPU infrastructure

USD.AI, a protocol for onchain lending and stablecoin issuance, has approved a credit limit of $500 million USD for Sharon AI, an AI infrastructure provider based in Australia, to support the expansion of GPU deployment. Sharon AI plans to start disbursing this loan within the current quarter, initially allocating $65 million USD for initial GPU deployments.

USD.AI is designed as an “onchain bank” for AI startups that have difficulty accessing traditional banking systems. The protocol allows AI companies to borrow funds by collateralizing verified physical GPUs, then tokenizing these assets to create a direct link between off-chain infrastructure and onchain liquidity. According to USD.AI, this model helps isolate risk at the infrastructure level.

According to the announcement, USD.AI has approved over $1.2 billion USD in credit limits and non-recourse loans for AI infrastructure operators, including QumulusAI and Quantum Solutions. The protocol also uses a two-token model, consisting of the stablecoin USDai and a yield-bearing version, sUSDai, which can be staked.

Sharon AI stated that partnering with USD.AI will help the company accelerate its computing capacity expansion to serve hyperscale clients, research, enterprises, and government sectors in Australia and the Asia-Pacific region.