USDai Stakers Pocket $20M in Yield While GPUs Do the Heavy Lifting ⚡

USD.AI's synthetic dollar USDai has distributed more than $20 million in cumulative yield to stakers as the protocol increasingly routes deposits into loans collateralized by physical GPU hardware, according to data from analytics firm Entropy Advisors and a protocol Dune dashboard. Staking USDai into sUSDai currently returns roughly 8% APY, a figure Entropy Advisors projects could climb toward 11% as additional GPU-backed loans are deployed.

The shift marks a notable change in the reserve composition. As of late 2025, U.S. Treasuries backed approximately 99% of the staked supply, but GPU-backed loans now represent close to half of all reserves alongside PYUSD and wrapped U.S. T-Bills, with eight additional loans worth $370 million in the pipeline. Depositors mint USDai 1:1 from USDC or USDT, then stake it into sUSDai, the yield-bearing token that earns from Treasury bills held in reserve and interest paid by AI infrastructure borrowers.

On-chain activity has grown in step with the loan book. USDai supply stands at about 201.1 million, with 6.88 million staked into sUSDai. Secondary trading has cleared roughly $436.5 million in lifetime volume across eight supported DEXs and nine token pairs, with most activity concentrated on Arbitrum. Of approximately 306.5 million in supply tracked across chains, Arbitrum accounted for nearly 298 million, with smaller balances on Plasma, Ethereum, and Base. Cross-chain transfers operate through LayerZero's OFT standard, and 30-day bridging data showed net inflows of $141,100.