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Gaming Giant Snail Dives Into Crypto: Plans to Launch USD Stablecoin in Bold Pivot
Gaming Giant Snail Dives Into Crypto: Plans to Launch USD Stablecoin in Bold Pivot
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Snail Games—best known for blockbuster MMORPGs—just dropped a plot twist: they're building a dollar-pegged stablecoin. Because nothing says 'metaverse strategy' like becoming a shadow bank.
Why now? The studio's cryptic pivot follows a year of declining in-game NFT sales—turns out players prefer loot boxes over blockchain jargon. But with $2.3B in annual revenue, Snail's betting regulators will ignore a gaming company issuing quasi-currency.
The playbook? Mirror Tether's 'print first, ask later' model while leveraging 200M registered users. Expect tokenized V-bucks before 2026.
Wall Street analysts yawned. 'Another corp chasing crypto relevancy,' muttered one trader, adjusting his GameStop positions.
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