USD.AI's Plasma Pre-Deposit Cap for USDai Reaches $500 Million Amidst Surging AI Infrastructure Demand

USD.AI, a pioneering project at the intersection of decentralized finance and artificial intelligence, announced today that its Plasma pre-deposit $500 million cap for the USDai stablecoin has been fully subscribed. The milestone, revealed via a social media post by the official USD.AI account, signifies robust investor confidence and a growing appetite for AI-backed financial instruments. "Our Plasma pre-deposit $500m cap for USDai has been filled. Trillions x AI," stated the company in its tweet.

USD.AI aims to merge stablecoins with AI infrastructure, with its native stablecoin, USDai, designed to maintain a 1:1 peg with the US dollar while generating revenue from investments in decentralized AI networks. Unlike traditional stablecoins, USDai utilizes its reserves to fund AI infrastructure, including GPU networks and model development, distributing profits back to the community. This innovative approach provides USDai holders with a yield source directly tied to real AI growth.

The partnership with Plasma, an EVM-compatible Bitcoin sidechain known for its fee-free stablecoin transfers, is crucial to this development. Plasma has been actively expanding its reach, recently raising its own deposit caps and attracting significant investment, including from prominent figures like Peter Thiel and Tether CEO Paolo Ardoino. By bringing USDai to Plasma, the collaboration directly connects AI and stablecoins, allowing users to access yields powered by the demand for compute resources.

This rapid filling of the $500 million cap underscores the escalating demand for AI infrastructure, a sector USD.AI's vision directly addresses. The company aims to create a "factory that can produce a gigawatt of new AI infrastructure every week," recognizing that access to AI will be a fundamental driver of the economy. The successful pre-deposit round positions USD.AI and USDai as key players in financing the burgeoning AI industry through decentralized mechanisms.