Wire USD from your company account. A licensed partner converts it and AIUSD is minted the same day.
The dollar for compute credit.
Issued on Loka Chain and backed 1:1 by native USDC held in a reserve contract on Ethereum, checkable on-chain. On Loka Capital, lenders fund loans in it, each loan keeps its reserve in it, and repayments arrive in it. Holding it pays no interest and carries no loan risk.
- Redeems for
- 1 USDC
- Interest
- None
- Loan exposure
- None
- Holders
- Verified firms
Fully backed, checkable on-chain.
Every AIUSD on Loka Chain is backed by one native USDC in the reserve contract on Ethereum. The reserve is never less than supply: AIUSD is minted only after the USDC has arrived, and burned before any USDC leaves.
AIUSD is minted only against a verified deposit into the reserve, and the USDC leaves only to pay a redemption. There is no admin key for either, Loka included. Minting has a daily cap and stops on its own if supply ever exceeds the reserve. The reserve is never lent, invested or used to cover loan losses.
Supply on Loka Chain and the reserve on Ethereum are both on-chain, so anyone can check them at any time instead of waiting for a monthly report. Loka also reconciles bank, USDC and AIUSD balances daily and sends each lender a monthly statement.
An independent audit before launch and before every upgrade. Upgrades go through a multisig with a time lock and are announced in advance.
- AIUSD supply
- 48,250,000
- USDC in reserve, Ethereum
- 48,250,000
- Held by institutions
- 12,600,000
- In loan escrow
- 31,400,000
- In collection contracts
- 4,250,000
SampleIllustrative figures. From launch, read directly from the contracts.Supply on Loka Chain equals the USDC in reserve; the three parts add up to supply.
Built for institutions.
AIUSD and every loan live on Loka Chain, so one balance works for any loan. The USDC reserve sits on Ethereum.
Every holder passes business verification and sanctions screening.
How a dollar moves.
From a company bank account into a loan and back, at 1:1 at every step.
-
Fund
Deposit USDC on Ethereum from a registered wallet, or wire USD from your company account and a licensed partner converts it to USDC.
USD → USDC (partner) -
Mint
The USDC goes into the reserve contract on Ethereum, and the same amount of AIUSD is minted to your address on Loka Chain.
USDC on Ethereum → AIUSD on Loka Chain -
Lend
Commit AIUSD to a loan. It waits in that loan's escrow until the drawdown conditions are met.
Escrow · Loka Capital -
Get repaid, lend again
Monthly repayments land in your AIUSD balance. Lend them to the next loan, or redeem 1:1 for USDC or USD to your registered account.
AIUSD → USDC / USD
Why loans settle in AIUSD.
Loka Capital
Every loan on Loka Capital is denominated in AIUSD, so each step of a loan happens in contracts anyone can check: who committed, what is held in reserve, and how each month’s rent was split.
One escrow per loanCommitments wait in that loan’s escrow. If a loan is not fully funded by its deadline, or its drawdown conditions are not met in time, every lender is refunded in full.
Reserves held on-chainEach loan keeps a cash reserve in AIUSD in its collection contract, controlled by the contract: three months of payments, or the full build-period interest for a construction loan.
Rent split in a fixed orderLenders are paid first, then the reserve is topped up, then the service fee, then the borrower.
Lower rates for on-chain borrowersProposedBorrowers who keep extra reserve in AIUSD, or whose tenants pay rent straight into the collection contract, may get a lower rate. Terms are set per loan.
Stability or yield.
- Backed 1:1 by USDC in the contract
- Redeem your balance at any time
- No exposure to any loan
- No interest
Its value depends on USDC.
- Choose a specific loan, not a pool
- Fixed rate, paid monthly from the drawdown date
- Secured by that loan’s collateral and reserve
- Locked once the loan is fully funded or 48 hours before its deadline, until repaid
You carry that loan’s credit risk. Returns are not guaranteed.
Mint and redeem.
Four routes in and out, all at 1:1. Choose one to see each step.
- Verify your businessBusiness verification and sanctions screening; register the wallet you will send from.
- Have USDC on EthereumThe reserve is on Ethereum. USDC on another network is moved there first with Circle's CCTP, which the app can do in the same flow.
- Deposit USDCSend USDC from your registered wallet to the reserve contract. Deposits from other addresses are not accepted and are returned to the sender.
- AIUSD is minted on Loka ChainOnce the deposit is confirmed on Ethereum, a verified message mints the same amount of AIUSD to your Loka Chain address.
- RecordedThe deposit and the mint are on-chain and in your statement.
- Rate
- 1 USDC → 1 AIUSD
- Time
- Set at launchEthereum confirmation, then the message to Loka Chain
- Fee from Loka
- NoneNetwork fees are paid by the sender
- Minimum
- None
- Verify your businessBusiness verification and sanctions screening; register your company bank account.
- Get wire detailsFund account shows the receiving account at our licensed partner and your reference code.
- Wire USDSend a wire from the registered company account, with the reference code in the payment details.
- Converted to USDCThe partner matches the wire, screens it and converts the amount received to USDC.
- AIUSD is mintedThe USDC goes into the reserve contract on Ethereum and the same amount of AIUSD is minted to your Loka Chain address.
- Rate
- 1 USD → 1 USDC → 1 AIUSDOn the amount received after bank and partner fees
- Time
- Same business dayFor domestic wires before the daily cut-off; international wires take 1–3 business days more
- Fee from Loka
- NoneBank and partner fees are paid by the sender
- Minimum
- 100,000 USD per wireProposed
- Enter an amountAny amount up to your available balance. AIUSD committed to a loan cannot be redeemed until it is returned.
- Choose a registered walletUSDC is paid on Ethereum, only to a wallet registered to your business.
- AIUSD is burnedAIUSD is burned on Loka Chain first; the reserve contract then releases the same amount of USDC to the wallet.
- RecordedThe redemption is on-chain and in your statement.
- Rate
- 1 AIUSD → 1 USDC
- Time
- Set at launchLoka Chain, then the message to Ethereum
- Fee from Loka
- NoneNetwork fees are paid by the sender
- Queue
- NoneThe reserve always holds at least the supply
- Enter an amountAny amount up to your available balance.
- Confirm your bank accountUSD goes only to the registered account in your company’s name. A newly added account can be used after 24 hours.
- AIUSD is burnedAIUSD is burned on Loka Chain and the reserve contract releases the same amount of USDC to our licensed partner.
- Paid in USDThe partner converts the USDC and wires USD to your account.
- Rate
- 1 AIUSD → 1 USDC → 1 USDLess bank and partner fees
- Time
- Usually next business day
- Fee from Loka
- NoneBank and partner fees are paid by the recipient
- Destination
- Registered company account only
The rules.
Everything that governs AIUSD, in one place.
SetdecidedProposedto be confirmedPlannedin place at launch
EligibilityWho can hold, mint and redeem
- Who
- Businesses that pass verification, including sanctions screening Set
- Accounts and wallets
- Only bank accounts and wallets registered in the business’s own name Set
- If verification lapses
- The business leaves the allowlist and can no longer mint; its balance can still be redeemed to its registered wallet or bank account Proposed
MintingHow new AIUSD comes into existence
- Source
- Only a verified deposit of USDC into the reserve contract on Ethereum; no one can mint without it, Loka included Set
- Rate
- 1 USDC mints 1 AIUSD Set
- USD route
- Wire USD to the licensed partner; it converts to USDC and deposits it into the reserve contract Set
- Amount credited
- The USDC actually received, after bank and partner fees Set
- Fees
- None from Loka; bank, partner and network fees are paid by the sender Set
- Minimum
- None for USDC; 100,000 USD per wire Proposed
- Daily cap
- A daily minting limit while the contract is new Proposed
RedemptionHow AIUSD is turned back into dollars
- Rate
- 1 AIUSD redeems for 1 USDC Set
- What can be redeemed
- Your available balance; AIUSD committed to a loan follows the loan and is redeemable once returned or repaid Set
- To USDC
- Burned on Loka Chain, then released on Ethereum to a registered wallet Set
- To USD
- Released to the licensed partner and wired to your registered company account, usually next business day Set
- New bank account
- Usable 24 hours after it is verified Proposed
- Queue
- None; the reserve always holds at least the supply Set
TransfersWhere AIUSD can move
- Who can hold AIUSD
- Allowlisted addresses only: verified businesses’ registered addresses on Loka Chain, Loka Capital escrow and collection contracts, the partner’s address Proposed
- Between businesses
- Not available in the first release Proposed
- Allowlist
- Kept by Loka, following verification results Proposed
NetworkWhere AIUSD and its reserve are
- AIUSD
- Issued on Loka Chain; one balance for every loan Set
- Reserve
- One reserve contract on Ethereum, native USDC issued by Circle only; bridged USDC is not accepted Set
- USDC on other networks
- Moved to Ethereum with Circle’s CCTP before it is deposited Set
- Order of steps
- Minting waits until the deposit is confirmed on Ethereum; redemption burns AIUSD on Loka Chain before USDC is released Set
- Messages between chains
- Each mint is tied to a real deposit anyone can check; daily minting cap and a delay on large mints; audited on its own Proposed
- Loans
- All Loka Capital escrow and collection contracts run on Loka Chain Set
ReserveWhat backs each AIUSD
- What it is
- Native USDC held in one reserve contract on Ethereum Set
- Coverage
- Never less than AIUSD supply on Loka Chain: minting waits for the deposit, and redemption burns before USDC leaves Set
- Use
- Only to pay redemptions: not lent, invested or used to cover loan losses Set
- Yield
- None; the USDC is not put to work Set
- Who can move it
- No one; it leaves only to pay a redemption Set
In Loka CapitalHow AIUSD moves through a loan
- Loan exposure
- None while held; only AIUSD committed to a loan carries that loan’s risk Set
- Escrow
- Each loan has its own escrow; if the loan is not fully funded by the deadline, or drawdown conditions are not met in time, lenders are refunded in full Set
- Reserve
- Three months of payments for an operating loan, the full build-period interest for a construction loan; held in AIUSD in the loan’s collection contract Proposed
- Your balance
- One AIUSD balance funds any number of loans; repayments and refunds return to it, to lend again or redeem Set
- Repayment order
- Lenders, then reserve top-up, then service fee, then borrower Proposed
- Borrower rate
- Lower for extra reserve held in AIUSD, or rent paid straight into the collection contract; set in each loan’s terms and fixed once listed Proposed
Contract controlsWho can do what on-chain
- Mint and burn
- No admin role; minting only from a verified deposit, burning only on redemption or drawdown Set
- Allowlist
- Loka operations multisig Proposed
- Freeze
- Loka compliance multisig, for sanctions and court orders Proposed
- Pause
- Multisig, separately for the AIUSD contract on Loka Chain and the reserve on Ethereum; cannot move balances. Minting also stops on its own if supply exceeds the reserve Proposed
- Upgrade
- Multisig with a time lock, announced and audited in advance Proposed
- Audit
- Independent audit before launch and before every upgrade Planned
If something goes wrongWhat happens in the cases that matter
- USDC loses its peg
- Minting pauses; redemption to USDC stays open Proposed
- Contract issue
- Multisig pauses the contract; balances stay as recorded on-chain Proposed
- Partner outage
- USD route stops; USDC minting and redemption continue Proposed
- Sanctions match
- The address is frozen and handled as the law requires Proposed
- Loka Chain stops producing blocks
- Minting, redemption and lending pause; the reserve on Ethereum is unaffected Proposed
- USDC frozen by its issuer
- AIUSD backed by that USDC could not be redeemed; this risk sits with USDC itself Set
Questions.
What is AIUSD?
The dollar Loka Capital loans settle in. It is redeemable 1:1 for USDC, and loans, escrow, reserves and repayments on Loka Capital are all denominated in it.
How do I get AIUSD?
Verify your business, then wire USD from a company account with your reference code, or deposit USDC from a registered wallet. Either way, AIUSD is minted 1:1 into your account.
Which network is AIUSD on?
AIUSD is issued on Loka Chain, where every Loka Capital loan also runs, so you hold one balance. The reserve is native USDC in a contract on Ethereum. USDC on another network can be moved to Ethereum with Circle's CCTP before you deposit.
Do I mint for every loan?
No. AIUSD stays in your balance and can be committed to several loans over time. Repayments and refunds land back in the same balance, so you can lend them again without another wire, or redeem them.
Can I always redeem it?
AIUSD in your account can be redeemed 1:1 for USDC, or for USD sent to your registered company account. AIUSD committed to a loan stays in that loan's escrow and follows the loan's terms.
What are the risks?
AIUSD is only as sound as USDC, the stablecoin backing it, and the AIUSD contract itself, which is audited before launch. AIUSD committed to a loan carries that loan's credit risk until it is repaid.
Does AIUSD pay interest?
No. Holding AIUSD earns nothing. Returns come from lending it on Loka Capital, at each loan's fixed rate.
Does holding AIUSD expose me to loans?
No. The USDC behind AIUSD is never lent or used to cover loan losses. Only AIUSD you commit to a specific loan carries that loan’s risk.
What do borrowers gain from settling in AIUSD?
Proposed: a lower rate for borrowers who keep extra reserve in AIUSD, or whose tenants pay rent straight into the loan’s collection contract. Cash that is on-chain from the moment it arrives is visible to lenders and controlled by the contract. The size of any reduction is set in each loan’s terms.
Who issues AIUSD and where is the reserve?
AIUSD is issued by a contract on Loka Chain, deployed by Loka. The reserve is the native USDC locked in Loka's reserve contract on Ethereum. AIUSD is minted only after USDC arrives in the reserve, and the USDC can only leave to pay a redemption.