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Sei Partners with Xiaomi to Launch MPC Crypto Wallet in Global Smartphones

According to Sei, its partnership with Xiaomi will embed preinstalled mobile finance apps enabling Web3 access, though Xiaomi will not process cryptocurrency payments directly.

SEI

Summary

Sei clarified that its collaboration with Xiaomi focuses on embedding preinstalled mobile finance apps to enable Web3 access through new Xiaomi smartphones. The project will roll out exclusive Sei app features gradually. Xiaomi will not directly support cryptocurrency or stablecoin payments, adjusting previous plans that included stablecoin payment trials in Hong Kong and the EU by Q2 2026.

Terms & Concepts
  • Multi-Party Computation (MPC): A cryptographic technique that allows multiple parties to jointly compute a function over their inputs while keeping those inputs private.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the U.S. dollar or euro.
  • Web3: A decentralized internet ecosystem built on blockchain technology, enabling peer-to-peer interactions without centralized intermediaries.