Stablecoin-based revolving debt facility · Fintech
Permian Labs secures $40m revolving facility from K3
Its credit protocol links capital providers to loans secured by GPU assets.
The $40m facility builds on an existing K3 liquidity relationship. It is separate from a previously announced $100m facility with Bullish.
Permian plans to launch new financing products. The revolving structure can be drawn, repaid and reused, helping manage short-term liquidity alongside longer-duration loans to AI-infrastructure borrowers.
USD.AI’s broader lending is non-recourse and secured by GPU infrastructure, distinct from the collateral supporting this revolving facility.
Use of funds
Launch new financing products
Funding history
Stablecoin-based revolving debt facility · This round$40M