usdai00
$usdai
MCAP662.94M
+0.01%

what's usdai?

USDai is a decentralized stablecoin protocol designed as an AI-powered synthetic dollar that maintains a 1:1 peg to the US dollar through algorithmic mechanisms and collateralized lending. It operates primarily on the Arbitrum ecosystem, with integrations into DeFi platforms like Pendle for yield trading, Euler for borrowing, and Plasma for advanced vaults. The project enables financing of AI infrastructure by tokenizing GPUs as collateral, allowing up to 70% LTV loans for compute resources. Backed by investors including Framework Ventures, it has raised $13.4M in Series A funding and features an airdrop program called The Allo Game to incentivize participation. USDai has scaled to over $500M in deposit caps and $110M TVL, emphasizing transparency and community-driven growth in onchain AI finance.

Snapshot

usdai nominated for "Best In Stablecoins" at The Rollup awards ceremony on Dec 30, 2025.

contract

arbitrum-one

3W ago
VISIBILITY EVENT

Nominated in the "Best In Stablecoins" category for The Rollup awards ceremony scheduled for December 30th, 2025.

PARTNERSHIP

Partnered with PayPal for integration or collaboration related to AI infrastructure finance.

1M ago

USDai vaults launch on Base blockchain with USDai/USDC and USDai-USDC/USDC vault pairs.

PT sUSDai on Pendle now offers 15.08% fixed APY, up from the previously reported 14%, with a 15-day unstaking period to convert back to USDai.

Principal Token for USDai on Pendle delivers 14% yield with $18M liquidity and 99% T-bills backing.

USDai reaches $670M in Total Value Locked on Arbitrum, positioning itself within the AI infrastructure narrative.

Morpho protocol on Unichain now accepts USDai PTs as collateral for borrowing.

Liquidity has been topped up for PT-USDai and PT-sUSDai pools in response to user demand.

Loopers earn near 30% APR on USDai loops via Plasma and Euler Finance.

sUSDai delivers 8.76% 7-day average yield.

USDai is available for yield farming on Arbitrum and Plasma through Pendle Finance and Euler Finance integrations, with LayerZero Core enabling free cross-chain transfers via Stargate Finance.

dcf cap provided seed funding for the project. (ID: 1997719721316143166)

USDai manages $595,223 in borrowed assets and generated $391,659 in Q4 2025 revenue on Arbitrum.

Messari features USDai as a case study in its State of AI report.

USDAI netflows on Arbitrum increased 13% over the past month, making it one of two RWA protocols contributing to the network's ecosystem inflows.

The protocol cap has been increased to $875m for the AI revenue backed synthetic dollar. (ID: 1996132137561367037)

USDai listed among projects yet to complete Token Generation Event in 2026, indicating no TGE has occurred yet.

PT-sUSDai on Pendle offers 16.82% yield (expiring Feb 19) with looping available on Euler and Morpho platforms.

Built on M0's stablecoin platform with focus on financing AI infrastructure buildout while maintaining on-chain transparency and liquidity.

sUSDai currently maintains 99% backing in TBILLs with 660M TVL, and plans to allocate 6% to lending compute in the near future.

$sUSDai ranks #3 in TVL growth according to yield bearing stablecoin metrics.

USDai launches a gated ICO that excludes UK, EU, and multiple African countries while requiring on-chain activity for user participation.

The USDAI-USDC Stable Vault delivers nearly 1% return in 2 weeks.

Vault cap increases by $250M to a total of $830M.

Strong growth brings USD_AI_ to second largest protocol by TVL on Arbitrum, flipping Pendle.

USDai increases minting cap, enabling users to mint with USDC and bridge to PTs on Pendle across Arbitrum, Plasma, and Base chains, with PT USDai offering 11.48% fixed APY.

Coinbase Ventures discloses investment in the project, with funding amount not specified.

sUSDai and USDai launch on Arbitrum through Equilibria with Pendle boost support, offering over 18% boosted APY and up to 12x USDai Points for liquidity providers.

USDAI and sUSDAI announce availability on four Base chain platforms: Aerodrome, ExtraFi, Fluid, and Spectra Finance, with ExtraFi and Fluid representing new integrations beyond previously reported deployments.

Smart money accumulates $149k in the past 24 hours, ranking first among tracked tokens for capital inflows.

Robinhood and Ethereal DEX deploy institutional implementations using the app-to-chain model on Arbitrum.

PT-USDai-20Nov expires today unlocking 95M, autoUSDai/autosUSDai discontinued releasing 50-60M, and combined with the 250M mint cap opening, approximately 400M total new supply enters the market today. Currently trading at $1.0011 above peg with potential brief depeg expected from unlock pressure, while redemption requires no KYC with 0.015% fee.

Caps increase by $250M on November 19th.

Funding cap raised to $750M or $1B, USDAI deploys on Base chain with liquidity seeded on Aerodrome and Spectra Finance, and potential ICO on Coinbase.

Binance Labs (through Yzi labs) and Coinbase Ventures invested in the project. A new Pendle pool launches with different points rates than the first pool's 25/12x rate, with details on points adjustment coming in the next few days.

USDai and sUSDai pools launch again on Arbitrum on February 19, 2026.

TVL stands at $181.83M compared to $584M on November 7th, representing a $402M capital outflow (69% decrease), while APY declines to 11.69% from the previous 13.86%.

The Midas mHYPER pool on Ethereum achieves 25% boosted Pendle APY through Equilibria, backed by Hyperithm and MidasRWA, with rewards across 6 protocol points including Ethena, Cap Labs, Almanak, USDai, Lighter, and Theo.

2M ago

Ranks 1st place in Arbitrum DRiP program with a market size of $428.11m including sUSDai.

USDai markets on Arbitrum expire in 9 days, unlocking over $300m in stablecoins.

USD_AI_ functions as a financing partner for GPU cluster deployments, offering lending without sale leaseback requirements and utilizing onchain mechanisms for securing liens. A crypto investment firm deploying B300 GPU clusters endorses USD_AI_ as one of the only lenders providing this structure in the US.

Supply grows to $584M with 99.9% allocated to t-bills and only 0.1% in hardware loans (NVIDIA H200s), while offering 13.86% expected APY. Deposit caps reached on Arbitrum and Plasma networks preventing new deposits.

Characterized as an unregistered hedge fund operating as a credit fund lending on GPUs, with risk of losing peg stability during market stress.

A warning predicts the protocol will blow up in a spectacular manner as the next yield-bearing stablecoin failure, though current t-bill backing provides temporary safety.

USDai onboarded to Term protocol for DeFi lending operations.

Protocol achieves $500m in lender deposits within one month of launch and faces overwhelming appetite for its ICO.

USDai-USDC stable vault on Arbitrum offers over 100%+ fee APR yield opportunity.

Borrow interest reaches 30% on Morpho, while an upwards depeg creates collateral risk pressure.

The protocol operates as an M0 wrapper with approximately zero exposure to GPU renting operations, with unstaked Cap USD reserves sitting on-chain and redeemable at any time.

The Auto Strategy sunsets on November 24, 2025.

Listed as top performing assets in Arbitrum lending markets through the DRIP program distributed by Merkl and funded by Arbitrum DAO.

Data case shares rank as the 15th biggest holder, with purchases for data/big data cases to be discontinued 2 weeks before YTs mature to prevent last minute dilution.

StableWatch publishes a comprehensive report on how the protocol powers the future of AI Compute.

Reaches $580m TVL in less than 3 months, now second-largest protocol on Arbitrum with TVL still capped and 99.8% of reserves in US-tbills.

Pendle markets go live on Plasma offering up to 12X leverage on USDai and sUSDai Principal Tokens with 32.5K XPL in rewards for lenders.

Token Generation Event anticipated in Q4 but remains unconfirmed, according to a list of expected major crypto launches.

Team added single-sided Curve liquidity causing peg to crash from 1.03 to 1.003, now trading at 1.0155. Capital raise expected in near term based on team's public comments.

Arbitrum grant distribution for the Auto vault strategy is imminent.

Euler Finance earn vault offers 12% APR and 1.5x USDai points multiplier.

USD (Midas mHYPER) boosted pool launches on Plasma offering 26% boosted APY through Equilibria, combining Hyperithm and MidasRWA partnerships with reward points distributed across six protocols including USDai.

Protocol raised $17.40M in funding and reached $580M+ TVL across Arbitrum L2 and Plasma chains.

On Plasma, USDai delivers over 18% boosted APY powered by 250% vePENDLE boost and 25x Allo Points via Equilibria LP deposits.

case.fun becomes 4th largest holder of YTs on Arbitrum with 8.5M tokens earning 212M points daily. Supply on Plasma reaches approximately $186M, representing 3% of the network's $6.2B total stablecoin supply.

Trader identifies presence on Pendle platform with yield distortion caused by YT (Yield Tokens), categorizing it as a risk factor that can catch yield farmers off guard.

Protocol offers 13.03% APR on synthetic dollar backed by AI hardware collateral and M0 US T-Bills.

Two token variants exist: USDAI provides points toward ICO allocation and requires KYC, while sUSDAI offers airdrop points without KYC requirement. Stablecoin currently trades at $1.02 premium on Arbitrum due to capped supply.

Achieves top position among new stablecoins with $596.35M in growth since Q2 end (Jul 1 - Oct 16, 2025).

Current metrics show $580M in vaults and 44,000 people farming points.

3M ago

Current TVL stands at just over $200M with traders actively chasing entry positions.

Completes integration with Chainlink standard, enabling access to Chainlink's oracle infrastructure.

Integration on Plasma platform ($9B TVL) enables farming strategies with Pendle to earn $XPL allocation including delta neutral strategies via Ethena. Partner Infinit Labs' $IN token lists on Upbit, South Korea's largest exchange.

Boosted USDai and sUSDai pools go live on Penpie, offering up to 25x points, boosted PENDLE and WXLP rewards, with APY reaching up to 55%.

Successfully structured a $500M deal for collateralized AI investments.

Partnership with Infinit Labs' agentic platform has processed over 120k transactions in beta, with USDai yield strategy on Arbitrum reaching filled capacity.

TVL increased 218% over the past month, contributing significantly to Arbitrum's overall TVL growth to $4B.

AutoUSDai's raise cap has been set at $75M, representing a reduction from the $100M cap previously announced for the USDC vault launch on Concrete.

The $100M raise launches tomorrow as a USDC vault on Concrete (not direct USDai mint) that earns x25 allo points for 30 days plus 15% ARB yield, with withdrawals processing Wed/Thu and taking up to a week; funds will be used to liquidate Euler Plasma positions where USDai has depegged upward to $1.04.

A Pendle pool for PT-USDai expires November 19th (43 days), offering 50.3% fixed APY for direct swaps, though actual returns range from 12.1% to 37.8% annualized depending on whether USDai maintains its current $1.03-$1.05 premium or repegs to $1.

$100M cap raise announced for October 8 to address upward price depeg.

A points farming program is available alongside a 29% APR locking opportunity for stablecoins.

USDai experienced a significant price correction today that requires immediate attention from anyone looping the stablecoin, though the protocol remains operational.

Completed security audits by KTL and Cantina are on file for reserves. The synthetic dollar mechanism uses ~150%+ overcollateralization on AI GPU loans, with detailed risk analysis highlighting potential downside peg break scenarios if GPU valuations experience impairment beyond the collateralization buffer.

USDai currently trades at $1.05, below a noted profitability threshold for certain trades. PT-sUSDai expires in 44 days with 51% APY fixed yield available to lock in.

Extremely high borrow demand is being reported alongside a partnership or collaboration with Plasma protocol.

Token distribution model pivots away from traditional airdrops toward paid allocations and pre-sale access for early users, driven by regulatory changes to reduce Sybil attacks and day-1 selling pressure.

A new yield product powered by $RDAC that has been in development for months is ready to launch this month. Current market cap and fully diluted valuation are both $525M, indicating no token unlock overhang.

Pendle PT yields have increased to 52% (up from previously reported 44% APY), while LP yields are currently at 55%.

A major airdrop is coming up for USDai, with early buyers eligible to earn airdrop allocation or rewards.

Team officially confirms the capacity cap will remain unchanged for 1-2 months.

YT yields are currently at 45% for USDai and 36% for sUSDai, while Pendle LP on Arbitrum offers a 25x point multiplier and using "Keep YT" mode provides approximately 40x more points than holding USDai directly.

USDAI PTs can now be looped on Euler protocol for up to 304% max ROE, and November PT yields are currently at 44% APY.

USDai is trading at a 5% premium ($1.05 for $1) due to high demand for Pendle pool exposure, and DCF Capital has seeded the project.

New Pendle PT pools launch on Plasma with 3-4 month durations, offering 27.49% yield on PT-USDai and 28.46% on PT-sUSDai.

USDai achieved 353% TVL growth in September 2025, ranking 7th among all projects for TVL growth that month.

YT-USDai is now live on both Arbitrum and Plasma, creating trading opportunities around point mispricings between the two platforms based on different maturity and implied yield characteristics.

ICO allocates 7% of total token supply, with distribution based on accumulated Allo Points earned by participants through activities like Pendle YT purchases.

$1.1 million in total yield has been distributed to users, with tracking now available via stablewatchHQ.