Summary
- Snail Games announced that it is considering the development of a US dollar stablecoin.
- The company is currently reviewing the technical, legal, and financial requirements for issuing its own stablecoin, and has hired an expert as a consultant.
- CEO Shi Hai stated that the company will assess how blockchain-based technology aligns with its digital innovation objectives.
Publicly listed video game studio Snail Games (SNAL) has announced that it is considering the development of a US dollar stablecoin.
According to a report by CoinDesk on the 16th (local time), Snail Games stated, "We are reviewing the technical, legal, and financial requirements for issuing our own stablecoin, and have appointed AscendEX founder George Cao as a consultant for advice on this matter."
Shi Hai, CEO, explained, "As an evolution of our innovation-centered strategy, we will assess how a stablecoin could align with our company's long-term goal of leading digital innovation in the entertainment sector using blockchain-based technologies."
YM Lee
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