Proprietary USD-Backed Stablecoin Venture to be Investigated by Snail, Inc.
## Snail Games Delves into Stablecoin Venture for Digital Gaming Economy
Snail Games, a leading global independent developer and publisher of interactive digital entertainment, has announced its intention to explore the creation of a proprietary stablecoin as part of a broader digital asset initiative within the gaming industry.
The company, listed on NASDAQ as SNAL, made the announcement on July 15, 2025, emphasizing that this move is a strategic step towards positioning itself as an early adopter of crypto-based transaction capabilities in gaming. However, it is important to note that no final decision has been made regarding the implementation of this venture.
The potential stablecoin, which is likely to be USD-backed, could stabilize in-game economies, reduce reliance on third-party payment processors, and enable instant, low-cost, global transactions for buying, selling, and trading digital assets and NFTs within Snail Games' offerings.
To advance this initiative, Snail Games has enlisted the expertise of Dr. George Cao, the Founder and CEO of AscendEX, a full-stack cryptocurrency financial platform. Additionally, the company has engaged a nationally recognized law firm that specializes in serving cryptocurrency and blockchain clients.
However, the company acknowledges significant regulatory, technical, and cybersecurity hurdles that must be addressed before any potential launch. Snail Games has not set a timeline for implementation and has made no formal commitment to proceed—this remains an exploratory phase, subject to regulatory approvals, market conditions, technical feasibility, and internal governance.
The stablecoin initiative is part of Snail's broader innovation roadmap. The company is carefully evaluating the feasibility of developing and exploring its stablecoin with multiple external use cases, with no current timeline or commitment.
It is essential to note that any future implementation of the stablecoin will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments, and strategic alignment with Snail's core business. Snail, Inc. has not committed to a specific launch timeline or use case deployment for its stablecoin initiative.
This press release does not serve as an offer, sale, or solicitation for a digital asset or security. Snail may choose to abandon its intent to explore the issuance of a proprietary US dollar-backed stablecoin at any time.
For investor inquiries, contact John Yi and Steven Shinmachi at Gateway Group, Inc., at 949-574-3860 or [email protected]. For press inquiries, contact Monty Robles at Snail Games, [email protected].
[1] Snail Games Press Release, July 15, 2025. [2] Snail Games Annual Report on Form 10-K for the fiscal year ended December 31, 2024. [3] Interview with Dr. George Cao, July 16, 2025.
- Snail Games, a NASDAQ-listed company, is exploring the creation of a proprietary stablecoin, leveraging technology like blockchain, as part of its digital asset initiative in the gaming industry.
- The potential stablecoin, likely to be USD-backed, could stabilize in-game economies, reduce reliance on third-party payment processors, and enable instant, low-cost, global transactions for digital assets and NFTs within Snail Games' offerings.
- To advance this initiative, Snail Games has enlisted the expertise of Dr. George Cao, the Founder and CEO of AscendEX, a full-stack cryptocurrency financial platform.
- Any future implementation of the stablecoin will depend on multiple factors, including regulatory considerations, technical readiness, risk assessments, and strategic alignment with Snail's core business, and no specific launch timeline or use case deployment has been committed to.
