Foresight News
Foresight News|Oct 07, 2025 02:16
[USD.AI to Raise autoUSDai Cap by $100 Million to Support USDai Exchange Rate Stability] Foresight News reports that the stablecoin protocol USD.AI, which provides credit for AI, has announced it will raise the autoUSDai cap by $100 million at 00:00 Beijing time on October 9 to support the orderly unwinding of USDT0 positions in the Euler Frontier USDai market. USD.AI stated that this cap increase is a targeted stabilization measure rather than a routine cap adjustment. Due to demand for USDai, the exchange rate has been pushed up to $1.06. Yesterday, Euler Finance suspended USDai lending on Plasma. The USDai market will begin partial repayments tomorrow, and LTV will start to decrease on Wednesday. All outstanding USDai loan positions must be repaid and closed promptly. All new USDC deposits will be directly transferred to autoUSDai on Arbitrum. During this period, autoUSDai will receive a 25x points multiplier over 30 days. Additionally, starting today, USD.AI will reduce the Allo Gam multiplier for all non-aligned pools from 10x to 3x to protect the USDai peg and reward those who help stabilize the system.
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