ME News reports that on September 5 (UTC+8), the CEO of Bitwise posted on X that GPUs are one of the most important commodities of the digital age. USD AI has created GPU-backed credit facilities to serve mid-sized borrowers previously underserved, and has tokenized these credit instruments. Real-world credit is gradually being brought on-chain, and Bitwise will provide access through PAPY. (Source: ChainCatcher)
Bitwise CEO: USD AI Launches Tokenized, GPU Asset-Backed Credit
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Summary
Bitwise’s CEO announced on X that USD AI has launched a tokenized, GPU asset-backed credit product derived from MetaEra. GPUs are a key commodity in the digital assets space. The product targets underbanked mid-sized borrowers, with credit tokenized for on-chain use. Bitwise will provide access through PAPY as real-world credit migrates onto blockchains. The initiative has been noted in AI and crypto news circles as a new on-chain finance tool.
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