Datavault AI Corrects Release on Mandela Dollar Stablecoin

Got story updates? Submit your updates here. ›

Datavault AI (NASDAQ: DVLT) issued a corrected press release providing additional details on its Mandela Dollar (MUSD) initiative, a proposed USD-pegged stablecoin being developed with partners to support financial inclusion through low-cost remittances, micro-lending, savings, and digital payments in underserved regions. Datavault AI will serve as the primary technology partner, delivering AI-powered tokenization, blockchain infrastructure, and secure data systems.

Why it matters

The Mandela Dollar is intended to improve financial access and affordability for underbanked populations globally through a stablecoin pegged to the US dollar. As a major player in fintech and blockchain, Datavault AI's involvement could lend credibility and technological capabilities to the initiative.

The details

Datavault AI emphasized that the Mandela Dollar is not yet live and warned against unauthorized tokens. Planned features include a 1:1 dollar peg, proof-of-reserves, ultra-low transaction fees, and integration with digital wallets and decentralized finance platforms as part of a phased global rollout.

• Datavault AI issued the corrected press release on March 31, 2026.

What’s next

Datavault AI plans a phased global rollout of the Mandela Dollar stablecoin, with features including a 1:1 dollar peg, proof-of-reserves, and ultra-low transaction fees.