USDai

USDai is a yield-bearing synthetic dollar designed to hold a stable value of one US dollar while generating returns for holders. It is backed by loans made against artificial-intelligence hardware, compute resources, and decentralized physical infrastructure network assets, rather than by conventional cash or government bonds. The project positions itself as a tool for infrastructure operators who need debt financing to scale AI and DePIN equipment, while offering token holders exposure to the income those assets generate.

USDai is a stablecoin that exists across the Arbitrum, Ethereum, Base, and Plasma ecosystems, meaning it can be issued and used on multiple networks. Its peg to one dollar is maintained partly through arbitrage mechanisms that create an economic incentive for external actors to push the price back toward one dollar when it drifts. The token represents a claim on a pool backed by amortizing loans against physical infrastructure, and the yield produced by those loans is what the protocol targets distributing to holders.

The protocol's stated income comes from interest on loans extended to AI hardware and DePIN operators, with a target annual yield of 15 to 25 percent paid to USDai holders. The data on this site does not include a breakdown of protocol fees retained versus amounts passed through to holders, so fee-based measures are not available here. The stablecoin circulating supply stood at 173,620,830.42 at the point-in-time reading, and that supply grew by approximately 10.82 percent over the trailing 30 days, reflecting the pace at which new loans and corresponding token issuance are expanding the pool.