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BIT Mining (NYSE: BTCM) has launched DOLAI, a USD-backed stablecoin designed for artificial intelligence agent transactions, partnering with compliance firm Brale Inc. to develop the token on Solana's blockchain.
The cryptocurrency mining company positions DOLAI as "AI-native payment currency" that can facilitate autonomous machine-to-machine transactions through integration with AI payment protocols like x402. This would enable AI agents to independently request services and complete payments without human intervention, according to a statement on Tuesday.
DOLAI maintains 1:1 dollar backing through cash and short-term US Treasury reserves, with anti-money laundering and regulatory screening provided by Brale. The stablecoin offers multi-chain compatibility across Ethereum, Base, and other networks, plus direct minting and redemption via traditional banking rails.
"DOLAI represents our vision for a compliant, high-efficiency, AI-native stablecoin that is positioned to power the next generation of AI agent-driven financial interactions," said Bo Yu, BIT Mining's chairman and chief operating officer.
The launch targets both AI applications and traditional stablecoin use cases including merchant payments and cross-border settlements. BIT Mining plans additional features including confidential transfers and yield-bearing products through tokenized asset partnerships.
The AI-focused positioning differentiates DOLAI in the competitive stablecoin market, which approaches $300 billion in total value. However, adoption will depend on development of autonomous AI payment systems that remain in early stages.