BIT Mining Limited Launches DOLAI, a USD-backed Stablecoin on Solana, Expanding in AI-Powered Financial Infrastructure

Core Viewpoint - BIT Mining Limited has launched DOLAI, a USD-backed stablecoin aimed at integrating AI agents, merchants, consumers, and institutional finance within the Solana blockchain ecosystem, with plans for multi-chain interoperability [1][2][6] Group 1: Stablecoin Features - DOLAI is a compliant, institutional-grade stablecoin, ensuring 1:1 dollar collateralization with reserves in cash and short-term U.S. Treasuries, adhering to U.S. regulatory requirements [2] - The infrastructure includes robust AML/KYC and OFAC screening to ensure compliance with current regulations [2] Group 2: AI Integration and Interoperability - DOLAI is designed as an AI-native payment currency, facilitating autonomous machine-to-machine transactions through emerging AI payment protocols [3] - The stablecoin is natively available on Solana, with API connectivity for seamless swaps across multiple blockchains and over 20 stablecoins [4] Group 3: Banking and Institutional Use - Institutions can mint and redeem DOLAI via ACH or wire transfers, bridging traditional finance with crypto-native settlement [4] - DOLAI aims to support fast, low-cost purchases, online shopping, remittances, and micro-payments by autonomous AI agents [9] Group 4: Future Vision and Ecosystem Development - The company envisions DOLAI as a currency for the agentic economy, enabling AI agents to autonomously access data, services, and liquidity while settling payments instantly on-chain [6] - BIT Mining Limited is expanding its blockchain-based ecosystem to include AI, stablecoins, and payment infrastructure, enhancing on-chain efficiency and participation across various blockchain ecosystems [7]