The Good Tech Companies - Snail, Inc. Announces Intent To Explore Proprietary USD-Backed Stablecoin

Starting point is 00:00:00 This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Snail, Inc. announces intent to explore proprietary USD-backed stablecoin. By Chainwire, Culver City, United States, July 16, 2025, Chainwire, 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,

Starting point is 00:00:40 regulatory approvals, market conditions, technical feasibility, cyber security safeguards, financial controls, and internal governance. The company believes that exploring stable coin infrastructure may position it also on early mover within the digital entertainment industry. While no decision-shave 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

Starting point is 00:01:18 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.

Starting point is 00:01:56 Greater Than This stablecoin exploration is a natural evolution of our innovation led Greater Than Strategy and will support a broader effort to evaluate how blockchain-based Greater Than technologies could be aligned with the company's long-term goal to be at the greater than forefront of digital transformation in the entertainment space," said Snail, greater than Inc. Co-CEO Hai-Shi. greater than. To support this initiative, we've engaged a nationally recognized law firm greater than

Starting point is 00:02:21 and a seasoned strategic advisor to support and guide the successful greater than exploration of this opportunity. We are evaluating potential future phase greater than hiring needs for professionals with specialized experience in blockchain, greater than stablecoins, and digital asset strategy. While our focus continues to remain greater than on gaming across our ARK franchise, indie titles, and other up and coming greater than genres, this investigation into the crypto space and evaluation of the greater than feasibility of launching our own stablecoin would mark a key step in advancing greater than our vision of driving innovation across digital entertainment.

Starting point is 00:02:56 We're excited greater than to share continued updates as we reach meaningful milestones in our greater than evaluation. About Snail, INC. Snail, Inc, Nasdaq, Snail, 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, users can visit, https://snail.com. Forward-looking statements This press release contains statements that constitute forward-looking statements.

Starting point is 00:03:34 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 the C-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 in any future implementation which will depend on multiple factors including regulatory considerations technical readiness risk assessments and strategic alignment with

Starting point is 00:04:15 snails core business e snail is a pioneer among public companies within the digital entertainment industry to integrate stablecoin infrastructure directly into its corporate strategy, e. 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

Starting point is 00:04:47 risk factors section of the company's annual report on Form 10K 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 10Q 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.

Starting point is 00:05:22 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 Yee and Steven Shinmachi Gateway Group, Inc. 949-574-3860 Snail at Gateway GRP Com Contact PR Contact Monty Robles Snail Games Monter at SnailGamesUSA.

Starting point is 00:06:08 Com This story was published as a press release by Chainwire under HackerNoon's Business Blogging Program. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.

The Good Tech Companies - Snail, Inc. Announces Intent To Explore Proprietary USD-Backed Stablecoin

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