USD. AI reports $659 million TVL and launches GLX GPU exchange

USD. AI reported significant growth in September, with its Total Value Locked (TVL) exceeding $659 million and cumulative fund disbursements surpassing $420 million. The company also launched GLX, a GPU lending exchange designed to connect institutional capital with computing asset-based loans.

Key lending activities included a $128.9 million loan for 32 GB200 NVL72 systems located in British Columbia, Canada. Other notable transactions involved Hydra Host, with a $54.4 million loan for 1,040 B300 GPUs, and various smaller loans secured by B300 GPU collateral. To manage liquidity mismatches between long-term GPU loans and on-chain liquidity, USD. AI secured a $40 million stablecoin revolving credit facility from K3 Capital.

The company is expanding its decentralized finance (DeFi) footprint by introducing its USDai and sUSDai stablecoins to the Solana network, utilizing channels such as Jupiter Lend and Kamino. Additionally, USD. AI has integrated its strategies into Binance Wallet DeFi and launched educational reward programs on Robinhood.