Snail, Inc. Announces Intent to Explore Proprietary USD-Backed Stablecoin
Snail Inc. (NASDAQ: SNAL), a global interactive digital entertainment developer, has announced plans to explore launching its own USD-backed stablecoin. The initiative is subject to regulatory approvals, market conditions, technical feasibility, and other factors.
To support this exploration, the company has engaged Dr. George Cao, founder and CEO of AscendEX, as an external consultant, along with a nationally recognized law firm specializing in cryptocurrency and blockchain. The company views this initiative as part of its broader innovation strategy in digital entertainment, though no formal decisions or timelines have been established.
Snail Inc. (NASDAQ: SNAL), sviluppatore globale di intrattenimento digitale interattivo, ha annunciato l'intenzione di valutare il lancio di una propria stablecoin supportata da USD. L'iniziativa dipenderà dalle approvazioni normative, dalle condizioni di mercato, dalla fattibilità tecnica e da altri fattori.
Per sostenere questa esplorazione, la società ha coinvolto Dr. George Cao, fondatore e CEO di AscendEX, come consulente esterno, insieme a uno studio legale nazionale specializzato in criptovalute e blockchain. L'azienda considera questa iniziativa parte della sua strategia più ampia di innovazione nell'intrattenimento digitale, anche se non sono state prese decisioni formali né stabiliti tempi precisi.
Snail Inc. (NASDAQ: SNAL), desarrollador global de entretenimiento digital interactivo, ha anunciado planes para explorar el lanzamiento de su propia stablecoin respaldada en USD. La iniciativa está sujeta a aprobaciones regulatorias, condiciones del mercado, viabilidad técnica y otros factores.
Para apoyar esta exploración, la compañía ha contratado a Dr. George Cao, fundador y CEO de AscendEX, como consultor externo, junto con un bufete de abogados reconocido a nivel nacional especializado en criptomonedas y blockchain. La empresa considera esta iniciativa como parte de su estrategia más amplia de innovación en entretenimiento digital, aunque no se han establecido decisiones formales ni cronogramas.
Snail Inc. (NASDAQ: SNAL)는 글로벌 인터랙티브 디지털 엔터테인먼트 개발사로서 자체 USD 기반 스테이블코인 출시 가능성을 탐색할 계획을 발표했습니다. 이 계획은 규제 승인, 시장 상황, 기술적 실현 가능성 및 기타 요인에 따라 달라집니다.
이 탐색을 지원하기 위해 회사는 AscendEX의 창립자이자 CEO인 Dr. George Cao를 외부 컨설턴트로 영입했으며, 암호화폐 및 블록체인 전문의 전국적으로 인정받는 법률 사무소와도 협력하고 있습니다. 회사는 이 이니셔티브를 디지털 엔터테인먼트 분야에서의 광범위한 혁신 전략의 일부로 보고 있으나, 아직 공식적인 결정이나 일정은 확정되지 않았습니다.
Snail Inc. (NASDAQ: SNAL), développeur mondial de divertissement numérique interactif, a annoncé son intention d'explorer le lancement de sa propre stablecoin adossée au dollar américain. Cette initiative est soumise à l'approbation réglementaire, aux conditions du marché, à la faisabilité technique et à d'autres facteurs.
Pour soutenir cette démarche, la société a fait appel à Dr. George Cao, fondateur et PDG d'AscendEX, en tant que consultant externe, ainsi qu'à un cabinet d'avocats nationalement reconnu spécialisé dans les cryptomonnaies et la blockchain. L'entreprise considère cette initiative comme faisant partie de sa stratégie d'innovation plus large dans le domaine du divertissement numérique, bien qu'aucune décision formelle ni calendrier n'aient encore été établis.
Snail Inc. (NASDAQ: SNAL), ein globaler Entwickler interaktiver digitaler Unterhaltung, hat Pläne angekündigt, die Einführung einer eigenen USD-gestützten Stablecoin zu prüfen. Die Initiative hängt von behördlichen Genehmigungen, Marktbedingungen, technischer Machbarkeit und weiteren Faktoren ab.
Zur Unterstützung dieser Prüfung hat das Unternehmen Dr. George Cao, Gründer und CEO von AscendEX, als externen Berater engagiert, zusammen mit einer national anerkannten Kanzlei, die auf Kryptowährungen und Blockchain spezialisiert ist. Das Unternehmen sieht diese Initiative als Teil seiner umfassenderen Innovationsstrategie im Bereich digitaler Unterhaltung, obwohl noch keine formellen Entscheidungen oder Zeitpläne festgelegt wurden.
- Strategic positioning as an early mover in gaming industry's crypto integration
- Engagement of qualified experts including AscendEX CEO and top-ranked legal advisors
- Potential for expanded digital transaction capabilities in gaming ecosystem
- No concrete timeline or commitment to implementation
- Multiple regulatory and technical hurdles to overcome
- Significant resource investment required with uncertain outcome
Insights
Snail's stablecoin exploration represents early-stage diversification with significant regulatory hurdles and uncertain implementation timeline.
Snail Games' announcement to explore launching a proprietary USD-backed stablecoin represents an extremely preliminary step into blockchain technology. The company has only committed to an evaluation phase with no concrete timeline or implementation commitment. While positioning as an "early mover" in gaming, this announcement contains minimal technical details beyond retaining external advisor Dr. George Cao from AscendEX and legal counsel specialized in cryptocurrency.
The cautious language throughout the release—emphasizing "exploration," "evaluation," and "feasibility"—indicates significant uncertainty about implementation. The company faces substantial hurdles including regulatory approvals, market conditions, technical feasibility, cybersecurity requirements, and governance frameworks before any stablecoin launch could materialize.
From a technical perspective, developing a stablecoin requires addressing complex challenges in maintaining dollar-backing verification, security protocols, and transaction processing capabilities. These requirements diverge significantly from Snail's core gaming expertise centered around its ARK franchise. The repeated emphasis that gaming remains the primary focus suggests this represents exploratory diversification rather than core strategic realignment.
While blockchain integration could potentially enable new monetization models for digital assets within games, the preliminary nature of this announcement indicates investors should expect a lengthy evaluation process with uncertain outcomes and implementation timelines.
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 but not limited to, regulatory approvals, market conditions, technical feasibility, cybersecurity safeguards, financial controls, and internal governance. The Company believes that exploring stablecoin infrastructure may position it as an early mover within the digital entertainment industry. While no decisions have been made to integrate such technology into the Company’s corporate strategy, it continues to evaluate and explore opportunities as part of its broader innovation roadmap.
Recognizing the growing potential of crypto-based transactions in the digital entertainment and gaming industry, the Company is currently assessing the feasibility of developing and exploring its stablecoin with multiple external use cases, with no current timeline or commitment.
To support this initiative, Snail Games has retained Dr. George Cao, an external consultant. Dr. Cao earned his PhD degree in Computer Science from the University of Chicago and is the Founder and the Chief Executive Officer of AscendEX, a full-stack cryptocurrency financial platform that offers simple solutions for investing, trading, and earning to global users. In addition, the Company also retained seasoned legal advisors, including a nationally recognized law firm ranked by Chambers FinTech Legal USA as a leading firm serving cryptocurrency and blockchain clients.
“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 to be at the forefront of digital transformation in the entertainment space,” said Snail, Inc. co-CEO Hai Shi. “To support this initiative, we’ve engaged a nationally recognized law firm and a seasoned strategic advisor to support and guide the successful exploration of this opportunity. We are evaluating potential future phase hiring needs for professionals with specialized experience in blockchain, stablecoins, and digital asset strategy. While our focus continues to remain on gaming across our ARK franchise, indie titles, and other up-and-coming genres, this investigation into the crypto space and evaluation of the feasibility of launching our own stablecoin would mark a key step in advancing our vision of driving innovation across digital entertainment. We’re excited to share continued updates as we reach meaningful milestones in our evaluation.”
About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "may," "predict," "continue," "estimate" and "potential," or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and in our public filings with the SEC and include, but are not limited to, statements regarding (i) the evaluation and feasibility for introduction of Snail’s own proprietary stablecoin and any future implementation, which will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments and strategic alignment with Snail’s core business, (ii) Snail as a pioneer among public companies within the digital entertainment industry to integrate stablecoin infrastructure directly into its corporate strategy, (iii) Snail showcasing its ongoing commitment to fostering creativity and innovation across its global portfolio, (iv) Snail’s long-term investment in the next generation of gamers and creators, and (v) Gen Alpha projected to become the most digitally fluent and commercially influential generation to date. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company's Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Disclaimer:
This press release does not constitute an offer, sale or solicitation of an offer to buy any digital asset or security. The Company has not committed to a specific launch timeline or use case deployment. Any future implementation will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments and strategic alignment with Snail’s core business. Snail may determine at any time to abandon its current intent to explore the issuance of A proprietary US dollar-backed stablecoin.
Investor Contact:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
SNAL@gateway-grp.com
FAQ
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