NASDAQ listed game publisher Snail Games is exploring the development of a US dollar stablecoin, with stock prices rising by over 20%

Odaily Planet Daily News: Nasdaq listed game publisher Snail Games (code: SNAL) announced that it is exploring the possibility of issuing an exclusive US dollar stablecoin, with evaluations covering technical, legal, and financial aspects. To advance the plan, the company has hired George Cao, founder of AscendEX, as an external consultant and commissioned a law firm specializing in the field of encryption to assist with compliance matters. After the announcement, Snail's stock price rose by 20% during the trading session and ultimately closed up 8%. （CoinDesk）