USDai
USDAI Rank #146Price chart
What is USDai?
Protocol and launch
USD.AI opened its private beta on Arbitrum in June 2025. The protocol develops credit infrastructure around GPUs and other AI computing assets. USDai is its liquid dollar-denominated token. It does not automatically pay the lending yield earned by the associated vault.
Collateral and issuance
The primary minting contract accepts PYUSD collateral from approved institutional participants. Redemption burns USDai and returns the corresponding collateral through the protocol's settlement process. Front-end routes support additional stablecoin conversion paths. Supply expands with collateral deposits and contracts with completed redemptions. There is no predetermined mining schedule or fixed issuance ceiling.
The separate yield vault
Depositing USDai into the vault produces sUSDai shares. Those shares represent a position in the vault's assets and income. The vault combines idle stablecoin balances with loans financing AI equipment. Returns depend on the underlying financing activity and other supported yield sources. Its share value changes with net asset value rather than remaining fixed at one dollar. Withdrawals use an asynchronous redemption process.
Transfers and governance
USDai operates across supported Ethereum and Arbitrum smart-contract deployments. Cross-chain transfers use a burn-and-mint bridge design. CHIP is the protocol's separate governance asset, so holding USDai supplies a settlement balance rather than governance voting power.
Where to trade USDAI
7 exchanges · top 10
Live spot quotes from connected exchanges
USDAI funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.