BIT Mining launches the US dollar stablecoin DOLAI: integrating AI payment protocols, facilitating M2M transactions, and expanding the Solana ecosystem layout..

BIT Mining Limited issued an announcement today (26), announcing the launch of its own US dollar stablecoin DOLAI on the public blockchain Solana. BIT Mining plans to leverage DOLAI to connect artificial intelligence (AI) agents in the Solana ecosystem, as well as merchant, consumer, and even institutional-level finance, with plans for broader multi-chain interoperability. (Synopsis: Three stages of stablecoin evolution: When decentralization is abandoned, what do you get when you enter Wall Street? (Background supplement: from "petrodollar" to "electric yuan", the era of opportunities for AI + stablecoins) Bitcoin mining company BIT Mining Limited issued an announcement today (26), announcing the launch of its own US dollar stablecoin DOLAI on the public chain Solana. Officially launched by BIT Mining in partnership with Brale, BIT Mining plans to leverage DOLAI to connect artificial intelligence (AI) agents in the Solana ecosystem, as well as merchants, consumers and even institutional-level finance, and plans to achieve broader multi-chain interoperability in the future. DOLAI stablecoin: integrated AI payment protocol According to the official introduction, like the general US dollar stablecoin, DOLAI requires 1:1 full reserves, reserves are mainly cash and short-term US Treasury bonds, under the condition of meeting US regulatory requirements, can provide financial services to institutions. The biggest highlight of DOLAI is that DOLAI supports AI payment protocols (such as x402), allowing AI agents to autonomously execute service requests, value verification, and payment settlement in the future without human intervention, enabling autonomous machine-to-machine (M2M) transactions. The stablecoin currently runs on Solana and aims to take advantage of its high efficiency and low cost, but it also plans to exchange across chains (including Ethereum, Base, etc.) and more than 20 stablecoins (such as USDC) through APIs. In a wider range of application scenarios, officials also pointed out that DOLAI is suitable for fast and low-cost payments between merchants and consumers, including online shopping, cross-border remittances, etc., and also supports the cross-border settlement needs of institutions. In addition, DOLAI will be used in GameFi, decentralized applications (dApps) and RWA revenue products, and plans to launch confidential transfer functions. Bo Yu, Chairman and Chief Operating Officer of BIT Mining, said, "DOLAI is the crystallization of our vision for a compliant, efficient, AI-native stablecoin that not only meets the needs of consumers and institutions, but also drives the next generation of AI-driven financial interactions forward." In addition, BIT Mining plans to change its name to SOLAI Limited (pending shareholder approval) and continue to expand its presence in the AI, stablecoin and Solana ecosystems. Related reports SWIFT opens "stablecoins are useless": Stablecoin will not subvert existing finance, because it only serves specific customers and scenarios South Korea's four major banks will meet with Tether and Circle executives this week: discuss the issuance and application of USD/KRW stablecoins Ripple stablecoin enters Japan! Ripple cooperates with SBI to launch $RLUSD in Q1 next year: lock in trillion-dollar market growth dividends [BIT Mining launches US dollar stablecoin DOLAI: integrate AI payment protocol, open up M2M transactions, expand Solana ecological layout. This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".

SOL4.28%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)