BIT Mining launches DOLAI, a U.S. dollar-backed stablecoin
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.