BIT Mining Limited Launches DOLAI, a USD-backed Stablecoin on Solana, Expanding in AI-Powered Financial Infrastructure

BIT Mining Limited (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency infrastructure company, announced the launch of DOLAI, a U.S. dollar (“USD”)-backed stablecoin designed to connect AI agents, merchants, consumers, and institutional finance on Solana’s high-speed blockchain ecosystem, with planned expansion into broader multi-chain interoperability. DOLAI is being launched in collaboration with Brale Inc. (“Brale”), a partner ensuring robust compliance standards. DOLAI represents our vision for a compliant, AI-integrated USD-backed stablecoin that drives innovation, ecosystem growth, and adoption across multiple blockchains.

Read More on Fintech : Reinventing Identity Security in the Age of AI

Key Highlights of the Stablecoin Launch

Compliant, Institutional-Grade Stablecoin: DOLAI stablecoin is jointly introduced by Bit Mining and Brale in pursuant to existing U.S. regulatory requirements, ensuring 1:1 dollar collateralization with reserves held in cash and short-term U.S. Treasuries. The infrastructure incorporates robust AML/KYC and OFAC screening to facilitate compliance with current U.S. regulatory requirements.

Seamless Integration with AI Agents, Multi-chain Interoperability, and Banking:

AI-Agent Integration: DOLAI is not only a compliant, dollar-backed stablecoin, but also an AI-native payment currency, designed to integrate with emerging AI payment protocols (e.g., x402) that enable autonomous machine-to-machine transactions. This positions DOLAI to serve as a settlement layer for the agentic economy, where AI agents can in the future independently request services, verify value, and complete payments without human intervention.

Multi-chain Interoperability: DOLAI is natively available on Solana, with API connectivity enabling seamless swaps across multiple blockchains (Ethereum, Base, Canton, and more) and 20+ stablecoins (e.g., USDC, USDP).

Banking rails: Institutions can mint and redeem DOLAI directly via ACH or wire transfers, bridging traditional finance with crypto-native settlement.

Adoption Development in Progress:

• Commerce, Consumers, and AI Agents: Stablecoin acceptance for merchants and consumers, enabling fast, low-cost purchases, online shopping, remittances, and per-API call micro-payments by autonomous AI agents.
• Institutional and Cross-Border Settlements: Instant trading and international payments leveraging blockchain’s sub-second settlement finality and ultra-low fees.
• Web3 Growth and RWA Opportunities: Payments for GameFi and dApps with planned confidential transfers, plus access to yield-bearing products through partnerships with tokenized real-world asset (RWA) platforms.

Bo Yu, the Chairman and Chief Operating Officer of the Company, commented: “DOLAI represents our vision for a compliant, high-efficiency, AI-native stablecoin that not only meets the demands of consumers, merchants, traders, developers, and institutional users, but is also positioned to power the next generation of AI agent-driven financial interactions. By enabling AI agents to autonomously access data, services, and liquidity while settling payments instantly on-chain, DOLAI is designed with the long-term goal of serving as the currency of the agentic economy.”