BIT Mining announced DOLAI, a USD‑backed stablecoin launched on the Solana network in partnership with Brale, according to the company’s press release.
DOLAI will act as a 1:1 dollar‑collateralized stablecoin with a compliant reserve structure – held in a mix of cash and short‑term U.S. Treasuries in line with the Genius Act.
This move positions DOLAI as AI‑native – designed to integrate with emerging AI agents and digital payments across commerce, such as the x402 protocol recently developed by Coinbase.
There is also interoperability with other chains such as Ethereum and Base via an API, as well as the ability to swap with popular stablecoins as liquidity pairs grow.
The partnership with Brale and its infrastructure allows BIT Mining to ensure DOLAI remains compliant with KYC/AML requirements and support with specialized stablecoin services from on/off-ramping to treasury management.
Chairman and COO Bo Yu expressed:
DOLAI represents our vision for a compliant, high-efficiency, AI-native stablecoin that not only meets the demands of consumers, merchants, traders, developers, and institutional users, but is also positioned to power the next generation of AI agent-driven financial interactions.
The company currently trades on the New York Stock Exchange under the ticker (BTCM) and since its founding has focused on providing miner services, hosting and data centre mining operations in the crypto sector for Bitcoin, Dogecoin and Litecoin.
Earlier in the month, however, there was an announcement about a likely rebrand to SOLAI with the ticker SLAI, further integrating itself into Solana’s ecosystem and AI-driven infrastructure.
