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BTCC / BTCC Square / Global Cryptocurrency /
Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin

Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin

Author:
Global Cryptocurrency
Published:
2025-07-15 21:45:27
7
1
BTCCSquare news:

Snail Games (SNAL), a publicly-traded video game studio, is considering the development of its own U.S. dollar stablecoin. The company is assessing technical, legal, and financial challenges, with no firm timeline set. George Cao, founder of crypto exchange AscendEX, has been retained as a consultant.

The stock surged 20% intraday before settling 8% higher. Co-CEO Hai Shi framed the MOVE as part of a broader blockchain strategy to position Snail at the forefront of digital transformation in entertainment.

Stablecoins continue gaining traction across industries, with major corporations reportedly exploring issuance ahead of anticipated U.S. regulations. For gaming companies, such tokens could enable new blockchain-based ecosystems.

|Square

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