Define the credit access your business needs
Separate balance-sheet participation from the requirements of a customer-facing integration.
For direct loan participation
Discuss GPU-backed credit through GLX. Review the transaction's repayment sources, collateral, servicing and fit with your balance-sheet mandate.
For digital-asset treasury use
USDai is a non-yielding stable dollar token. sUSDai represents a share of the Earn vault, whose value reflects qualifying loan income and reserves. Holding sUSDai does not convey ownership of a specific loan or GPU.
For product integration
Define the intended customer experience alongside custody, reporting, access and redemption requirements. The integration discussion should establish supported functionality and operational responsibilities.
Keep treasury assets distinct from loan exposure
USDai is a non-yielding stable dollar token backed one-for-one by PYUSD. Staking it in the Earn vault produces sUSDai, a vault share. Direct loan participation through GLX is a separate, transaction-level route.
PYUSD
Backs USDai one for one
Stake for sUSDai
A separate choice: a vault share with its own earnings and withdrawals
Participation routes through GLX
Participate at origination
Evaluate a position in a newly originated facility.
Join a syndicate
Participate alongside other capital providers in a larger facility.
Purchase a seasoned loan
Review a whole loan with an operating and repayment record.
Available transactions and participation terms depend on the facility and the capital provider's requirements.
Review the evidence
Common questions
No. sUSDai is a vault share. GLX institutional participation is assessed at the transaction level, with rights defined by the relevant documents.
No. A sale depends on a buyer, transaction terms, and market conditions.
