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NASDAQ-listed game publisher Snail Games exploring development of USD stablecoin, stock price rises over 20%

Summary: According to reports, NASDAQ-listed game publisher Snail Games (code: SNAL) announced that they are exploring the possibility of issuing a proprietary USD stablecoin, evaluating technical, legal, and financial aspects. To advance this plan, the company has hired AscendEX founder George Cao as an external advisor and engaged a law firm specializing in the crypto field ...

According to reports, NASDAQ-listed game publisher Snail Games (code: SNAL) announced that they are exploring the possibility of issuing a proprietary USD stablecoin, evaluating technical, legal, and financial aspects. To advance this plan, the company has hired AscendEX founder George Cao as an external advisor and engaged a law firm specializing in the crypto field to handle compliance matters.

After the announcement, Snail's stock price surged by 20% intraday, ultimately closing up 8%. (CoinDesk)

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Link: NASDAQ-listed game publisher Snail Games exploring development of USD stablecoin, stock price rises over 20% [Copy]

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