US EditionSnail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin - Snail (NASDAQ:SNAL)
UNITED STATES, JUL 15 – Snail, Inc. is assessing regulatory, technical, and market factors for a USD-backed stablecoin to enhance blockchain adoption in gaming, with no launch timeline set yet.
- On July 16th, 2025, Snail, Inc. announced exploration of a proprietary USD-backed stablecoin, in Culver City, United States.
- Recognizing the growing potential of crypto-based transactions in the digital entertainment and gaming industry, Snail, Inc. explores stablecoin development as part of its broader innovation roadmap.
- This initiative is subject to regulatory approvals, market conditions, technical feasibility, cybersecurity safeguards, financial controls, and internal governance, and Snail, Inc. engaged a crypto-focused law firm and retained Dr. George Cao as external consultant.
- Hai Shi said `This stablecoin exploration is a natural evolution of our innovation-led strategy and will support a broader effort to evaluate blockchain technologies`, and the stock closed 8% higher after intraday gains of 20%.
- The company anticipates that exploring stablecoin infrastructure may position Snail, Inc. as an early mover within the digital entertainment industry, and it is evaluating future hiring needs for blockchain and stablecoin strategy professionals.
14 Articles
14 Articles
Stablecoin News: Gaming Studio Snail (SNAL) Explores Developing U.S. Dollar Stablecoin
Snail Games (SNAL), a publicly-traded video game studio, said on Tuesday that it is mulling the development of its own U.S. dollar stablecoin.The company is evaluating the technical, legal, and financial hurdles to issuing a proprietary stablecoin, according to a press release. To support the effort, Snail retained George Cao, founder of the crypto exchange AscendEX, as an external consultant. The company has also engaged a crypto-focused law fi…
Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin - Snail (NASDAQ:SNAL)
CULVER CITY, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- Snail, Inc. (NASDAQ:SNAL) ("Snail Games" or the "Company"), a leading global independent developer and publisher of interactive digital entertainment, announced its intention to explore pursuing a strategic digital asset initiative that includes the evaluation and feasibility for introduction of its own proprietary stablecoin. This initiative would be subject to a range of factors, including…
Snail, Inc. Mulls Launch of Own Proprietary USD-Backed Stablecoin
Digital entertainment company Snail, Inc. has announced plans to launch its proprietary USD-backed stablecoin. This is part of a larger strategic digital initiative aimed at driving innovation in the digital entertainment sector, the company said. However, the initiative is subject to various factors, including regulatory approvals, market conditions, technical feasibility, cybersecurity safeguards, financial controls, and […]
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
