USDai is a system that lends money to companies building AI computing hardware, using that hardware as collateral. Of the 2 things it promised, it delivered 0, 2 are still open (2 with no date); nothing dated is coming up. It trades at $1.00, #136 of all coins by size, 16% below its highest ever price.
This week Nothing changed on its record.
A real job. Delivered 0 of 2, none late. Nothing dated ahead. #3 of 8 synthetic dollars. Nothing to be careful of on the record.
Is it real?
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2 of 4
- ✓A real-world jobReal-world purpose: a stable digital dollar
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $312.37M, 15 times smaller than Ethena USDe, the biggest coin within reach doing the same thing (Synthetic Dollar)
No named backer
- Origin4 September 2025about about 12 monthsusd.ai, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorNot on a big exchange we track
- Standing on the record0 of 20 confirmed by outside news0 headlines last month491 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Synthetic Dollar ($67.82M). To match the leader, Ethena USDe ($4.68B), its price would need to rise 1397%, to about $14.97.
Still to check
- 2 dated promises, none delivered yet
- Listed on fewer than two big exchanges
- No named investor among its tags
- Only 0 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
0 of 2
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
The project gives no dates for these, so there is no line to draw. What its pages say, in plain words:
Still open, undated (2)
- USDai says it will change how its tokens are created and…
- USDai says it will shut down its AutoUSDai and AutoSUSDai…
- Openno dateUSDai says it will change how its tokens are created and redeemed to use a whitelist system aimed at institutional users.
- Openno dateUSDai says it will shut down its AutoUSDai and AutoSUSDai vault products on November 24.
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
18 coins we checked say they are for a stable digital dollar, worth $272.87B together. #11 of 18 by worth.
Synthetic Dollar: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
USDai$312.37Mthis coin+0.0%no max0 of 2 delivered
Ethena USDe$4.68B15.0× bigger, +$4.36B+0.0%, gap −0.0no maxno record
Falcon USD$1.34B4.3× bigger, +$1.03B−0.0%, gap −0.0no maxno record
Unity USD$100.32M3.1× smaller, −$212.05M+0.6%, gap +0.6no maxno record
Tori trUSD$67.82M4.6× smaller, −$244.55M−0.0%, gap −0.0no maxno record
Metronome Synth USD$37.19M8.4× smaller, −$275.18M+1.0%, gap +1.0no maxno record
eSui Dollar$13.09M23.9× smaller, −$299.28M+0.0%, gap +0.0no maxno record
Unity$12.99M24.1× smaller, −$299.38Mno maxno record
Synthetic Dollar: this coin next to Ethena USDe, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- USDai says
- USDai is a system that lends money to companies building AI computing hardware, using that hardware as collateral.
- Ethena USDe says
- Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
USDai is a system that lends money to companies building AI computing hardware, using that hardware as collateral.
Its listing puts it this way: USD.AI is a yield-bearing synthetic dollar backed by loans against AI hardware, compute, and DePIN assets. Targeting 15–25% APR, it functions like a high-yield bond index tied to income-generating infrastructure equipment, paired with additional mechanisms that allow arbitrageurs to bring back USDai back to a peg.
Problem it says it solves: a stable digital dollar. 27 coins we have checked say the same; together they are worth $275,379,450,817.
Where it trades: Uniswap V4, Fluid, Curve, Balancer V2, Aerodrome Slipstream 2
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Synthetic Dollar: this coin next to the group's largest, Ethena USDe.
| USDai | Ethena USDe | |
|---|---|---|
| Years trading | 1 year | 2 years |
| Major exchanges | 0 | 5 |
| Named backers | 0 | 0 |
| Headlines, last month | 0 | 32 |
| Promises delivered | 0 of 2 | no record |
What it says is different: USD.AI is a yield-bearing synthetic dollar backed by loans against AI hardware, compute, and DePIN assets. Targeting 15–25% APR, it functions like a high-yield bond index tied to income-generating infrastructure…
It is 6.7% the size of Ethena USDe. On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.19 on 4 September 2025. Today is 84% of that.
100%
of all USDAI that will ever exist is already out in public hands: 312.36M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 312.36Min circulation of 312.36M total. No hard maximum is set, so more can be created.
- of its all-time high of $1.19 on 4 September 2025. That is −15.8% from the top.
- #136by market cap, $312,369,742.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Nothing in the news this month.
Nothing matched in the last month from the sources we read. CoinDesk, Cointelegraph, Decrypt, The Block, plus Google News searches for coins with a record and the top 100.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
USDai is a system that lends money to companies building AI computing hardware, using that hardware as collateral.
“The Protocol is a decentralized structured credit protocol designed to finance physical AI infrastructure assets.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
0 of 2 promises delivered. 2 open.
Others in stablecoins: Synthetix 6 of 11, Cap 3 of 10, A7A5 0 of 3, Frax USD 0 of 1, and 3 more.Others in lending protocols: Cap 3 of 10, XRP 2 of 3, Fluid 0 of 7, Kamino 0 of 1, and 2 more.
No public code repository is listed in this record.
The project's docs page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.