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BTCC / BTCC Square / Global Cryptocurrency /
Snail, Inc. Explores Development of Proprietary USD-Backed Stablecoin

Snail, Inc. Explores Development of Proprietary USD-Backed Stablecoin

Author:
Global Cryptocurrency
Published:
2025-07-16 12:38:03
15
3
BTCCSquare news:

Snail, Inc. (Nasdaq: SNAL), a prominent developer of interactive digital entertainment, has announced plans to evaluate the creation of its own USD-backed stablecoin. The initiative, still in exploratory phases, WOULD hinge on regulatory approvals, technical feasibility, and market conditions. No definitive timeline or commitment has been established.

The company aims to position itself as an early adopter of stablecoin technology within the gaming industry, citing growing demand for crypto-based transactions. External consultant Dr. George Cao, founder of AscendEX, has been retained to assist in the feasibility assessment. The project remains speculative, with no current integration into corporate strategy.

|Square

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