Datavault AI Forms Joint Venture to Launch USD-Backed Stablecoin
DVLT sits 45% above its 52-week low of $0.251 on light trading volume (0.1× avg).
Summary
Datavault AI has signed a three-party joint venture agreement to form Mandela Digital, which will develop a USD-backed stablecoin called the Mandela Dollar (MUSD). The company will serve as the founding and exclusive technology partner, providing AI-powered data monetization, tokenization, and compliance platforms. This formalizes an initiative first announced in February 2026 and positions Datavault AI for recurring technology revenue tied to MUSD operations. The deal follows a series of aggressive financing moves, including a $2 billion non-binding term sheet and a $50 million Bitcoin sale, as the company seeks to capitalize on digital asset infrastructure. With a market cap around $310 million and a stock price of $0.36, the partnership could open a new revenue stream in the stablecoin market, though execution risk remains high given the company's recent widened losses and cash burn.
At the time of this announcement, DVLT was trading at $0.36 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $310.6M. The 52-week trading range was $0.25 to $4.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.