Cryptocurrency company BIT Mining Limited introduces DOLAI, a stablecoin pegged to the U.S. dollar, on the Solana blockchain platform, broadening its scope in the field of AI-driven financial infrastructure.

In a significant move to power the next generation of AI-driven financial interactions, BIT Mining Limited (NYSE: BTCM) and Brale Inc. have jointly launched DOLAI, a U.S. dollar-backed stablecoin.

DOLAI is designed to serve as the currency of the agentic economy, where AI agents can autonomously access data, services, and liquidity while settling payments instantly on-chain. With its native availability on multiple blockchains, including Solana, and API connectivity for seamless swaps across blockchains like Ethereum, Base, Canton, and more, DOLAI is poised to revolutionize the way AI agents, merchants, consumers, and institutional finance interact.

One of the key features of DOLAI is its compatibility with 20+ stablecoins, such as USDC and USDP, allowing for fast, low-cost purchases, online shopping, remittances, and per-API call micro-payments by autonomous AI agents. This makes DOLAI an ideal choice for GameFi and dApps, with potential for confidential transfers.

Stablecoin acceptance for merchants and consumers also enables instant trading and international payments, leveraging blockchain's sub-second settlement finality and ultra-low fees. Institutions can mint and redeem DOLAI directly via ACH or wire transfers, bridging traditional finance with crypto-native settlement.

To ensure compliance with current U.S. regulatory requirements, the infrastructure of DOLAI incorporates robust AML/KYC and OFAC screening. DOLAI is also compliant, with 1:1 dollar collateralization and reserves held in cash and short-term U.S. Treasuries.

Furthermore, DOLAI has partnerships with tokenized real-world asset (RWA) platforms, providing access to yield-bearing products. This expansion into broader multi-chain interoperability is planned, aiming to make DOLAI a versatile solution for various financial needs.

While the exact release date of the DOLAI stablecoin is not available, its potential to serve as a settlement layer for the agentic economy, where AI agents can independently request services, verify value, and complete payments without human intervention, is undeniable. DOLAI is indeed an AI-native payment currency, designed to integrate with emerging AI payment protocols, marking a significant step forward in the intersection of AI and finance.