In this episode of the Delphi Podcast, Jordan from Delphi Research interviews David Choi and Conor Moore from USDAI about their synthetic dollar, USDAI, which is backed by AI and DeepEnd hardware assets. They discuss their backgrounds in TradFi and how they came together to focus on illiquid assets and the challenges of on-chain financing. They explain the structure of USDAI, including Caliber for asset tokenization, a modular underwriting system, and QAV for redemption. The conversation covers the value proposition for borrowers, the phased approach to scaling USDAI, potential governance token implementation, and how USDAI fits into the broader crypto landscape, emphasizing its role in providing liquidity to DeepEnd operators and scaling capital in the real world. They also touch on the upcoming private beta launch and future plans for DeFi integrations.