USDai, a stablecoin initiative backed by Framework Ventures, has raised $17 million, with a $13 million Series A round led by Framework Ventures. The project, which aims to replicate the success of the Plasma project, has attracted investments from Dragonfly, Arbitrum, YZI Labs, and Bulish. USDai plans to allocate 38% of its reserves to U.S. Treasury bonds and 62% to GPU-related lending, capitalizing on the rising demand for AI computing power. The team, known for co-founding the NFT lending protocol MetaStreet, anticipates launching its token generation event in 2025.