Snail, Inc. Plans to Launch Its Own Stablecoin

by Giorgi Kostiuk

5 hours ago

Snail, Inc. has announced plans to explore the possibility of creating its own stablecoin, potentially enhancing its position in the digital entertainment market.

Announcement of Stablecoin

Snail, Inc. (Nasdaq: SNAL) announced its intention to explore the feasibility of creating its own stablecoin. The decision will depend on various factors such as regulatory approvals, market conditions, technical feasibility, and internal governance.

Appointment of Consultant

To support this initiative, the company has retained Dr. George Cao, an external consultant with a PhD in Computer Science. He is the founder and CEO of AscendEX, a cryptocurrency trading platform.

Quotes from Company Representatives

None

This stablecoin exploration is a natural evolution of our innovation-led strategy and will support a broader effort to evaluate how blockchain-based technologies could be aligned with the Company’s long-term goal.Hai Shi, co-CEO of Snail, Inc.

The exploration of creating a stablecoin could play a significant role in Snail, Inc.'s strategy to leverage blockchain technologies in digital entertainment.

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