TLDR: BIT Mining Limited (soon to be SOLAI Limited) has launched DOLAI, a USD-backed stablecoin on the Solana blockchain. Designed for AI-native payments, DOLAI aims to facilitate autonomous machine-to-machine transactions and serve as a settlement layer for the emerging ‘agentic economy.’ The stablecoin is 1:1 collateralized with cash and short-term U.S. Treasuries, ensuring regulatory compliance and multi-chain interoperability.
AKRON, Ohio – August 26, 2025 – BIT Mining Limited (NYSE: BTCM), a prominent technology-driven cryptocurrency infrastructure company, today announced the official launch of DOLAI, an innovative U.S. dollar (USD)-backed stablecoin. This new digital currency is built on Solana’s high-speed blockchain ecosystem, with strategic plans for broader multi-chain interoperability.
DOLAI is introduced in collaboration with Brale Inc., a partner dedicated to upholding robust compliance standards. The stablecoin embodies BIT Mining’s vision for a compliant, AI-integrated USD-backed digital asset that will foster innovation, drive ecosystem growth, and accelerate adoption across various blockchain networks.
Key Highlights of the DOLAI Stablecoin Launch:
Compliant, Institutional-Grade Stablecoin: DOLAI is jointly presented by Bit Mining and Brale, adhering to existing U.S. regulatory requirements. It ensures 1:1 dollar collateralization, with reserves securely held in cash and short-term U.S. Treasuries. The underlying infrastructure incorporates stringent Anti-Money Laundering (AML), Know Your Customer (KYC), and Office of Foreign Assets Control (OFAC) screening protocols to guarantee compliance with current U.S. regulatory mandates.
Seamless Integration with AI Agents, Multi-chain Interoperability, and Banking:
AI-Agent Integration: DOLAI is distinguished as an AI-native payment currency. It is specifically engineered to integrate with emerging AI payment protocols, such as x402, which are designed to enable autonomous machine-to-machine transactions. This strategic positioning allows DOLAI to function as a critical settlement layer for the ‘agentic economy,’ where AI agents will be able to independently request services, verify value, and complete payments without human intervention.
Multi-chain Interoperability: While natively available on Solana, DOLAI offers extensive API connectivity. This enables seamless swaps across a multitude of blockchains, including Ethereum, Base, and Canton, among others, and supports over 20 other stablecoins like USDC and USDP.
Banking Rails: To bridge traditional finance with crypto-native settlement, institutions can directly mint and redeem DOLAI through conventional ACH or wire transfers.
Progress in Adoption Development:
Commerce, Consumers, and AI Agents: DOLAI is poised for acceptance by merchants and consumers, facilitating rapid, low-cost purchases, online shopping, remittances, and micro-payments for per-API calls by autonomous AI agents.
Institutional and Cross-Border Settlements: The stablecoin will enable instant trading and international payments, capitalizing on blockchain’s sub-second settlement finality and ultra-low transaction fees.
Web3 Growth and RWA Opportunities: DOLAI will support payments for GameFi and decentralized applications (dApps), with future plans for confidential transfers. It will also provide access to yield-bearing products through partnerships with tokenized real-world asset (RWA) platforms.
Bo Yu, the Chairman and Chief Operating Officer of BIT Mining Limited, emphasized the significance of this launch: “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.”
About BIT Mining Limited:
Also Read:
- Qtum Unveils ‘Ally’ AI Agent, Revolutionizing Automation with Blockchain Integration
- Coinbase Pioneers Agentic Commerce: Bridging AI Autonomy with Blockchain Transactions
BIT Mining Limited (NYSE: BTCM), which is slated to be renamed SOLAI Limited pending shareholder approval, is a technology-driven cryptocurrency infrastructure company. The company is expanding its foundational crypto mining operations to construct a comprehensive blockchain-based ecosystem. This ecosystem encompasses AI, stablecoins and payment infrastructure, and SOL treasury and staking operations, supporting diverse use cases such as institutional settlement, commerce, consumer payments, and AI-native agent transactions. Leveraging its expertise in blockchain and data infrastructure, BIT Mining aims to enhance on-chain efficiency and broaden participation across the Solana and other blockchain ecosystems.
