Bullish Provides USD.AI $100M Facility for GPU-Backed Loans

This facility signals a scaling point for GPU-backed lending, as traditional finance infrastructure via Bullish steps in to support a niche RWA credit market. The disclosed reserves and TVL suggest the sector is moving beyond pilot phase, but the key question is whether collateral valuation and liquidation mechanisms can withstand hardware depreciation and market volatility. For market observers, the focus should be on how loan performance tracks against GPU asset prices and whether this credit expansion attracts more institutional liquidity or exposes fragility in asset-backed crypto lending.