BIT Mining (NYSE: BTCM), a cryptocurrency mining company, has launched DOLAI, a new USD-backed stablecoin specifically for artificial intelligence (AI) agent transactions. Partnering with compliance firm Brale Inc., DOLAI is built on the Solana blockchain.
DOLAI is positioned as an "AI-native payment currency" that enables autonomous, machine-to-machine transactions. Through integration with AI payment protocols like x402, it allows AI agents to independently request and pay for services without human involvement.
The stablecoin maintains its 1:1 dollar peg with reserves of cash and short-term US Treasury bonds. Brale Inc. will handle anti-money laundering and regulatory screening. While built on Solana, DOLAI offers multi-chain compatibility with networks like Ethereum and Base. Users can also directly mint and redeem the stablecoin through traditional banking channels.
According to Bo Yu, BIT Mining's chairman, DOLAI is designed to be a "compliant, high-efficiency, AI-native stablecoin" that will power the next wave of AI-driven financial interactions.
While DOLAI can be used for traditional purposes like merchant payments, its primary focus on AI transactions aims to differentiate it within the nearly $300 billion stablecoin market. Its success, however, will depend on the growth of autonomous AI payment systems, which are still in their early stages.
August 2025, Cryptoniteuae