As part of efforts to empower global investors, traders, and consumers with real economy transaction and investment opportunities, USD.AI, a decentralized credit protocol, today entered into an important collaboration with ApeX Protocol, a decentralized multi-chain derivatives trading platform. As disclosed today on the X social platform, this strategic partnership enabled USD.AI to launch its native token (CHIP) on ApeX’s cross-chain derivatives trading platform to advance the market accessibility of this token and its AI-infrastructure finance protocol to worldwide users.
USD.AI is a DeFi protocol that specializes in providing structured credit to companies building artificial intelligence infrastructure. Its decentralized credit protocol connects AI infrastructure operators with loan (borrowing) facilities to meet their institutional-scale demands, with its native utility token (CHIP) functioning as a peer-to-peer currency that allows users to manage payments and multichain transactions under the AI-infrastructure finance protocol and Web3 platforms.
CHIP Is Live ApeX’s DEX Trading Platform
The integration above allowed USD.AI to list the CHIP token on ApeX Protocol to advance the global availability of the crypto asset on such a major decentralized cross-chain trading platform. ApeX is a decentralized and non-custodial derivative protocol that allows trading of perpetual swap markets of any token pair. On the ApeX platform, customers trade crypto derivatives directly without the involvement of intermediaries, allowing them to access on-chain markets of any underlying assets while maintaining control of their private keys and securely growing their wealth.
The partnership above enabled USD.AI to list the CHIP-USDT pair on ApeX’s DEX multichain trading platform, bringing the CHIP token into the larger DeFi world and enabling global access for users seeking on-chain CHIP liquidity. The integration of the token on ApeX is crucial as it now enables global users to swap CHIP into any asset or currency available on the decentralized derivatives trading platform.
Powering New DeFi Utilities
Launching CHIP on ApeX is a significant milestone on USD.AI’s mission to run a permissionless lending environment where AI infrastructure operators leverage their hardware to access on-chain financing to expand their operations. The demand for high-performance computing climbed to unmatched levels this year, with USD.AI functioning as a credit aggregator that facilitates GPU financing on-chain. This approach allows for quick growth of computing clusters and AI data centers without depending on traditional banking systems to finance their AI activities.
The ApeX listing makes the CHIP token globally accessible to DeFi customers for swaps, yield strategies, and governance participation on USD.AI’s AI-infrastructure finance protocol and across various blockchain chains, unlocking new opportunities for institutions and individuals to transact CHIP on-chain.
