Press Release
CHIP by USD.AI Now Live on Solana Through Sunrise
CHIP, the governance and utility token of USD.AI, is now tradable on Solana through Sunrise. USD.AI is a permissionless lending protocol that finances AI infrastructure by using high-performance GPU hardware as collateral. With its Solana listing, CHIP brings the governance layer of one of crypto's most closely watched AI finance protocols to the largest onchain trading ecosystem in crypto.
GPU-Backed Lending, Governed by CHIP
USD.AI enables AI infrastructure companies to tokenize GPU hardware as collateral and access financing in less than 30 days. The protocol issues USDai, a fully-backed synthetic dollar collateralized by that hardware, and sUSDai, a yield-bearing staked version. The yield comes from real interest paid by AI operators on actual GPU deployments.
CHIP holders govern the protocol's risk parameters, curator approvals, fee structures, and treasury allocation. The protocol has $343 million in total deposits, $1.2 billion in approved credit facilities, and more than 73,000 active users. It is backed by Coinbase Ventures, Dragonfly, Framework Ventures, and NVIDIA Inception.
CHIP has attracted sharp market attention since its TGE, with rapid price appreciation generating significant retail interest in a short window. The AI infrastructure financing narrative has resonated broadly, and CHIP has emerged as one of the more actively discussed governance tokens in that category.
Through Sunrise, CHIP arrives on Solana with canonical market status and live liquidity from the opening minute of trading. Solana users can trade CHIP against any Solana-native asset without interacting with USD.AI's native chain directly. CHIP can also bridge between its native chain and Solana in either direction through Sunrise.
About Sunrise
Sunrise is the day one asset gateway of Solana. Sunrise enables new onchain assets—crypto, stocks, commodities, and more—to list on Solana with liquidity on day one, giving users and builders immediate access to live, tradable markets. Sunrise is made by Wormhole Labs.
About Wormhole Labs
Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to expand the cross-chain ecosystem. They are committed to open-source development and laying down the paths for a connected decentralized world.
Contact
Email: contact@sunrise.xyz
Twitter / X: @sunrise