Odaily Planet Daily News Nasdaq-listed game publisher Snail Games (code: SNAL) announced that it is exploring the possibility of issuing a dedicated US dollar stablecoin, and the evaluation covers technical, legal and financial aspects. To advance the plan, the company has hired AscendEX founder George Cao as an external consultant and commissioned a law firm focusing on the encryption field to assist in handling compliance matters.
After the news was announced, Snail's stock price rose 20% during the session and finally closed up 8%. (CoinDesk)