BIT Mining Limited (BTCM) has launched DOLAI, a USD-backed stablecoin built to integrate with AI agents, merchants, consumers, and institutional finance on Solana’s high-speed blockchain, with plans for multi-chain interoperability.
The stablecoin is developed in partnership with Brale Inc. to ensure full regulatory compliance, including 1:1 collateralization with cash and U.S. Treasuries, along with AML/KYC and OFAC screening.
DOLAI is designed as an AI-native payment currency compatible with emerging machine-to-machine payment protocols, enabling autonomous transactions without human intervention. It offers seamless swaps across major blockchains and direct minting or redemption via ACH or wire transfer, bridging traditional finance and crypto settlements.
The stablecoin targets broad use cases, from fast consumer and merchant payments to cross-border settlements, institutional trading, GameFi transactions, and future confidential transfers. Partnerships with tokenized real-world asset platforms will provide access to yield-bearing products.
Chairman and COO Bo Yu stated that DOLAI embodies BIT Mining’s vision for a compliant, high-efficiency stablecoin designed to power the next generation of AI-driven financial interactions, serving as a settlement layer for the evolving agentic economy.
Tuesday, BTCM closed at $2.86, down 6.54%, and is trading after hours at $2.8798, up 0.69%, on the NYSE.
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