Nasdaq-listed game company Snail Games is exploring the development of U.S. dollar stablecoins, and its share price once rose 20%
According to online reports, Nasdaq-listed game publisher Snail Games (code: SNAL) announced that it is exploring the possibility of issuing exclusive U.S. dollar stablecoins, covering technical, legal and financial aspects. To advance the plan, the company has hired AscendEX founder George Cao as an external consultant and entrusted a law firm focusing on the crypto field to assist in handling compliance matters. After the news was announced, Snail's share price rose 20% intraday before eventually closing up 8%.
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