Odaily Planet Daily reported that the "AI stablecoin" project USD.AI has officially announced that it has been launched. Users can deposit USDC on the Arbitrum network in exchange for USDai, and then pledge it again in exchange for sUSDai. Depositors will accumulate points, which will be used for future airdrops and public offerings (FDV valuation of US$300 million) quotas.

Earlier news reported that USD.AI, a stablecoin protocol that provides credit for AI, completed a US$13 million Series A financing round, led by Framework Ventures, with participation from Bullish, Dragonfly, Arbitrum and others.