USD.AI raises $13 million, led by Framework Ventures The stablecoin protocol USD.AI announced the completion of a $13 million Series A funding round, led by Framework Ventures, with participation from Bullish, Dragonfly, and Arbitrarum. USD.AI is developed by Permian Labs and uses GPU hardware as collateral to provide loans to AI companies. Its system includes USDai pegged to the US dollar and the yield token sUSDai. Currently, USD.AI has attracted $50 million in deposits during its private testing phase and plans to launch an ICO and game based allocation model.