Multicoin Capital proposes turning AI computing hardware, future data center capacity and customer revenues into collateral for stablecoin loans. The plan targets a record $419 billion in AI-linked corporate bond issuance in 2026, while GPU financing platform USD.AI has received more than 700 requests totaling $26.5 billion. Transferable claims on future GPU clusters and customer contract payments could be traded or pledged on a blockchain to finance AI infrastructure operators. Falling GPU values, borrower defaults, complex collateral recovery and withdrawal restrictions nevertheless expose decentralized finance investors to losses.
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