The post Sei Clarifies Xiaomi App Deal Following Market Excitement appeared on BitcoinEthereumNews.com. Key Highlights: Sei clarifies that the Xiaomi partnershipThe post Sei Clarifies Xiaomi App Deal Following Market Excitement appeared on BitcoinEthereumNews.com. Key Highlights: Sei clarifies that the Xiaomi partnership

Sei Clarifies Xiaomi App Deal Following Market Excitement

2025/12/12 15:35

Key Highlights:

  • Sei clarifies that the Xiaomi partnership does not involve a Xiaomi-run crypto wallet.
  • Future stablecoin payments are only exploratory.
  • SEI token dips after the clarification was posted on X.

Sei Network cleared the air after early reports misunderstood its partnership with Xiaomi. This clarification statement was posted on social media platform X, on December 11, 2025.

According to the initial press release, many thought that Xiaomi was launching its own crypto wallet and would soon allow stablecoin payments in its global stores, which pushed the price of the SEI token up.

However, Sei came forward and clarified that this deal is only about Xiaomi phones coming with a Sei made crypto wallet and discovery app pre-installed. Xiaomi is not creating its own wallet or offering any crypto payment services.

What the Original Press Release Actually Announced

The partnership was announced on December 10, 2025, and it stated that Sei’s new Web3 wallet and discovery app will come pre-installed on all upcoming Xiaomi phones that will be sold outside mainland China and the U.S.

This app is designed to make using Web3 much more easier by allowing quick sign-ins with Google or Xiaomi accounts, offering stronger MPC-based security, giving users a curated list of decentralized apps, allowing P2P transfers, and eventually supporting basic consumer-to-business payments.

Since Xiaomi shipped 168 million phones in 2024 and especially in regions like Europe, Latin America, Southeast Asia, and Africa, this integration is something that gives Sei a huge global reach instantly.

Stablecoin Payments: Future Possibility, Not an Active Feature

The press-release also said that Sei and Xiaomi would look into adding stablecoin payment options across Xiaomi’s huge retail network of more than 20,000 stores, with early testing planned for places like Hong Kong and the EU.

This led many to assume that Xiaomi was about to let people pay for phones, applications or even EVs directly with crypto.

However on December 11, Sei realised that a clarification was needed and posted on its official X account that Xiaomi is not launching any crypto payments systems as of now.

The idea of stablecoin payments is only something that they might explore in the future and all of it depends on the regulations, developmental work, and gradual testing.

For now, the wallet app, and any future crypto-related features, are built and operated just by Sei and not by Xiaomi.

Why the Clarification was Necessary?

Sei posted the clarification to clear up the confusion. The partnership is only about a Sei-made app coming pre-installed on Xiaomi phones. Xiaomi is not running a crypto wallet, and any stablecoin payments are just plans for the future, not something people can use right now.

The main reason why this clarification was needed because the confusion caused people to expect a lot more than what the partnership was actually offering. Sei simply stepped up and clarified the whole narrative so that the market is not misled and so users and investors understood what was actually happening.

Even after clearing up the confusion, analysts still see this partnership as a major step toward bringing blockchain to everyday users, mainly because Xiaomi’s global reach is too huge and gives Sei an immediate access to a huge number of potential users.

Market Reaction and Long-Term Outlook

SEI surged a significant amount on Wednesday, December 10, 2025 amid the collaboration news and the broader crypto rebound following the Federal Reserve’s 25-basis-point rate cut.

The clarification has affected this surge and the excitement, however, investors remain optimistic about the long-term adoption. At press time, the price of the token stands at $0.1339 with a dip of 5.15% in the last 24 hours as per CoinMarketCap.

SEI 24-hours chart

As the phased rollout continues, Sei aims to transition the industry from a model where users seek out crypto apps to one where blockchain capabilities are built directly into the devices consumers use everyday.

Also Read:Grayscale Launches Bittensor Trust, Opening First U.S. Decentralized AI Access

Source: https://www.cryptonewsz.com/sei-issue-update-correct-confusion-xiaomi-deal/

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Paylaş
BitcoinEthereumNews2025/09/18 01:37