A five-day reveal will showcase the stablecoin's integration across the Coinbase ecosystem, from on-ramps to global settlement.
November 17, 2025

Companies mentioned:
oinbase Ventures has announced a strategic investment in Permian Labs, the innovative developer behind USD.AI. The announcement is the first of a five-day reveal series, dubbed "The Blue Road," which will detail USDAI's integration across the entire Coinbase ecosystem.
Permian Labs, headquartered in New York with a global team of contributors, is pioneering an on-chain credit system through USD.AI. This protocol enables secure borrowing operations backed by verifiable, productive assets like GPUs, which are essential for AI training and operations. By collateralizing these assets on the blockchain, USD.AI creates a transparent framework for financing that could revolutionize how AI developers access capital.
At the heart of USD.AI are two key tokens: USDai, a stablecoin fully backed by short-duration U.S. Treasuries to maintain dollar parity, and sUSDai, its yield-bearing counterpart. Holders of sUSDai can earn returns from both Treasury yields and income generated by GPU-backed credit positions. This structure not only provides stability but also offers investors a way to gain exposure to the burgeoning AI economy through asset-backed financing.
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As AI continues to drive technological innovation, investments like this could accelerate the integration of blockchain into high-growth sectors, potentially unlocking new efficiencies in funding and asset management. Details on the investment amount were not disclosed.
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