Overview

• YZi Labs confirmed the investment on Aug. 26 with the amount undisclosed, and reporting identifies the fund as tied to Binance founders Changpeng Zhao and Yi He.
• USD.AI issues a yield‑bearing stablecoin backed 1:1 by AI hardware, offering GPU‑collateralized loans that the project says can close in under seven days.
• The protocol reports more than $62 million in total value locked, building on an earlier roughly $13 million raise from Framework Ventures, Dragonfly, Bullish and Arbitrum.
• Partnerships with K3 Capital, Concrete, Euler and Pendle support USD.AI’s AutoVaults product for managing lending flows and capital allocation.
• YZi Labs cites a potential $6.7 trillion five‑year need for AI infrastructure as its rationale, while analysts warn GPU‑backed lending faces price, depreciation and obsolescence risks.