BIT Mining launches the AI-focused stablecoin DOLAI on Solana.

BIT Mining has just launched DOLAI, a stablecoin backed by USD and developed on Solana, in collaboration with Brale Inc. to ensure legal compliance. DOLAI is positioned as the "native AI coin", allowing AI agents to conduct machine-to-machine transactions automatically through protocols such as x402, without human intervention.

This stablecoin is backed 1:1 by cash and short-term U.S. Treasury bonds, integrating anti-money laundering processes from Brale. In addition to Solana, DOLAI also supports multiple chains such as Ethereum, Base, and allows minting or direct conversion through traditional banks.

According to Bo Yu, Chairman and COO, DOLAI aims to become an efficient stablecoin that complies with and serves the AI-driven financial transaction generation, while also expanding its application for commercial payments and cross-border remittances. However, the level of adoption still depends on the development of the AI payment system.