Overview
- All new Xiaomi smartphones sold outside mainland China and the United States will ship with a Sei wallet, with initial focus on Europe, Latin America, Southeast Asia and Africa.
- Onboarding will use Google or Xiaomi IDs and the app will support decentralized apps, peer-to-peer transfers and consumer-to-business payments.
- Sei and Xiaomi plan stablecoin transactions using assets such as USDC, with payments slated to begin in Hong Kong and the European Union by Q2 2026 and a broader rollout to compliant markets thereafter.
- The companies say the integration will extend across Xiaomi’s retail ecosystem, including online channels and more than 20,000 stores, with promotion through Xiaomi’s advertising network.
- The SEI token rose in intraday trading after the announcement even as many major cryptocurrencies fell, and Sei launched a $5 million Global Mobile Innovation Program to back developers.