Solana Price in Spotlight as Bit Mining Floats DOLAI Stablecoin
The post Solana Price in Spotlight as Bit Mining Floats DOLAI Stablecoin appeared on BitcoinEthereumNews.com. Key Notes Analysts are expecting the Solana price to follow an uptrend after BIT Mining’s announcement. The firm has launched DOLAI stablecoin on Solana, increasing SOL utility per demand. There is increased institutional demand for SOL, with WEPE also sharing the spotlight. Solana SOL $192.9 24h volatility: 1.9% Market cap: $104.25 B Vol. 24h: $9.82 B has been in the spotlight after technology-driven cryptocurrency infrastructure company BIT Mining announced the launch of DOLAI. The firm chose the Solana blockchain because of its top features, like high speed and low cost. Market observers are expecting that the news will trigger some price gain for SOL. Introducing DOLAI Stablecoin on Solana DOLAI is a USD-pegged stablecoin designed to serve as a bridge, connecting Artificial Intelligence (AI) agents, merchants, consumers, and institutional finance on Solana’s high-speed blockchain ecosystem. In the long run, there is planned expansion into broader multi-chain interoperability. According to a press release, BIT Mining is rolling out the stablecoin in collaboration with Brale Inc. This will help to ensure that the digital asset remains under robust compliance standards. Commenting on the token, the mining company said: “DOLAI represents our vision for a compliant, AI-integrated USD-backed stablecoin that drives innovation, ecosystem growth, and adoption across multiple blockchains.” The stablecoin is collateralized with reserves held in both cash and short-term US Treasuries. This way, it is compliant with the US regulatory requirements for such products. In addition to ensuring regional compliance, the company incorporates robust anti-money laundering (AML) and Know-your-customer (KYC) procedures, as well as OFAC screening. By launching on the Solana blockchain, it puts the ecosystem in a good light. However, the performance of SOL does not align with the positive sentiments around the ecosystem. At press time, SOL price traded at $189.18, after losing 2.89% in the last 24 hours. In light…
The post Solana Price in Spotlight as Bit Mining Floats DOLAI Stablecoin appeared on BitcoinEthereumNews.com.
Key Notes Analysts are expecting the Solana price to follow an uptrend after BIT Mining’s announcement. The firm has launched DOLAI stablecoin on Solana, increasing SOL utility per demand. There is increased institutional demand for SOL, with WEPE also sharing the spotlight. Solana SOL $192.9 24h volatility: 1.9% Market cap: $104.25 B Vol. 24h: $9.82 B has been in the spotlight after technology-driven cryptocurrency infrastructure company BIT Mining announced the launch of DOLAI. The firm chose the Solana blockchain because of its top features, like high speed and low cost. Market observers are expecting that the news will trigger some price gain for SOL. Introducing DOLAI Stablecoin on Solana DOLAI is a USD-pegged stablecoin designed to serve as a bridge, connecting Artificial Intelligence (AI) agents, merchants, consumers, and institutional finance on Solana’s high-speed blockchain ecosystem. In the long run, there is planned expansion into broader multi-chain interoperability. According to a press release, BIT Mining is rolling out the stablecoin in collaboration with Brale Inc. This will help to ensure that the digital asset remains under robust compliance standards. Commenting on the token, the mining company said: “DOLAI represents our vision for a compliant, AI-integrated USD-backed stablecoin that drives innovation, ecosystem growth, and adoption across multiple blockchains.” The stablecoin is collateralized with reserves held in both cash and short-term US Treasuries. This way, it is compliant with the US regulatory requirements for such products. In addition to ensuring regional compliance, the company incorporates robust anti-money laundering (AML) and Know-your-customer (KYC) procedures, as well as OFAC screening. By launching on the Solana blockchain, it puts the ecosystem in a good light. However, the performance of SOL does not align with the positive sentiments around the ecosystem. At press time, SOL price traded at $189.18, after losing 2.89% in the last 24 hours. In light…
What's Your Reaction?
