PayPal to use PYUSD stablecoin fund AI infrastructure through USD.AI

The move links PayPal’s dollar-pegged token to onchain funding for GPUs and data centers, supported by a $1 billion customer incentive program. What to know : PYUSD will be used to support USD.AI’s onchain financing for AI infrastructure, including GPUs and data centers. A one-year incentive program will offer 4.5% yield on up to $1 billion in customer deposits. The development highlights growing demand for programmable dollar settlement as AI infrastructure spending accelerates.(Coindesk)