BIT Mining launches DOLAI stablecoin on Solana blockchain ecosystem.

BIT Mining Limited has launched DOLAI, a USD-backed stablecoin designed to connect AI agents, merchants, consumers, and institutional finance on Solana's blockchain ecosystem. The stablecoin is compliant with U.S. regulatory requirements and is held 1:1 with cash reserves. DOLAI is aimed at driving innovation, ecosystem growth, and adoption across multiple blockchains.

BIT Mining Limited (NYSE: BTCM) has launched DOLAI, a USD-backed stablecoin designed to connect AI agents, merchants, consumers, and institutional finance on Solana's blockchain ecosystem. The stablecoin is compliant with U.S. regulatory requirements and is held 1:1 with cash reserves. DOLAI is aimed at driving innovation, ecosystem growth, and adoption across multiple blockchains [1].

DOLAI is a joint venture between BIT Mining and Brale Inc., ensuring robust compliance standards [1]. The stablecoin features 1:1 dollar collateralization with reserves held in cash and short-term U.S. Treasuries, incorporating robust AML/KYC and OFAC screening for compliance with current U.S. regulatory requirements [1].

One of the key features of DOLAI is its integration with AI payment protocols, enabling machine-to-machine transactions. This positions DOLAI as a settlement layer for the agentic economy, where AI agents can independently request services, verify value, and complete payments without human intervention [1]. Additionally, DOLAI offers multi-chain interoperability, allowing seamless swaps across multiple blockchains, including Ethereum, Base, and Canton, and compatibility with over 20 stablecoins [1].

The stablecoin also supports direct minting and redemption via traditional banking methods like ACH and wire transfers, bridging traditional finance with crypto-native settlement [2]. DOLAI aims to serve various sectors, including commerce, institutional settlements, and Web3 applications, with planned features for confidential transfers and tokenized real-world asset opportunities [2].

BIT Mining's launch of DOLAI represents a strategic pivot beyond traditional crypto mining into regulated financial infrastructure. The stablecoin positions the company at the intersection of several high-growth markets: compliant digital assets, AI integration, and cross-chain interoperability [2]. However, launching a new stablecoin in a crowded market dominated by established players like USDC and USDT faces significant challenges. BIT Mining will need substantial resources to drive adoption across the various use cases identified [2].

References:
[1] https://www.morningstar.com/news/pr-newswire/20250826cn58996/bit-mining-limited-launches-dolai-a-usd-backed-stablecoin-on-solana-expanding-in-ai-powered-financial-infrastructure
[2] https://www.stocktitan.net/news/BTCM/bit-mining-limited-launches-dolai-a-usd-backed-stablecoin-on-solana-01ew9lys4cr0.html