PRESS RELEASE – Culver City, United States, July 16th, 2025
On July 16th, Snail, Inc. (Nasdaq: SNAL), a prominent global developer and publisher of interactive digital entertainment, made a significant announcement regarding its decision to explore a strategic digital asset initiative, which may include the introduction of its own proprietary stablecoin. This endeavor is poised to position Snail Games as a potential early mover in the fast-evolving digital entertainment sector.
This initiative is contingent upon a variety of factors, including regulatory approvals, market conditions, cybersecurity safeguards, and internal governance measures. As the company acknowledges the increasing importance of cryptocurrency transactions within the digital entertainment and gaming landscape, it is assessing various external use cases for the stablecoin, albeit with no fixed timeline or commitment at this stage.
To facilitate the exploration of this initiative, Snail Games has engaged Dr. George Cao, a recognized expert in the field who holds a PhD in Computer Science from the University of Chicago. As the Founder and CEO of AscendEX, a comprehensive cryptocurrency financial platform, Dr. Cao brings invaluable insight into the domain of digital assets. Furthermore, the company has also enlisted the services of a reputable law firm distinguished for its expertise in cryptocurrency and blockchain matters, ranked highly by Chambers FinTech Legal USA.
“This stablecoin exploration is a natural evolution of our innovation-led strategy and will support a broader effort to evaluate how blockchain-based technologies could be aligned with the Company’s long-term goal to be at the forefront of digital transformation in the entertainment space,” said Snail, Inc. co-CEO Hai Shi. “We are evaluating potential future phase hiring needs for professionals with specialized experience in blockchain, stablecoins, and digital asset strategy. While our focus continues to remain on gaming across our ARK franchise, indie titles, and other up-and-coming genres, this investigation into the crypto space and evaluation of the feasibility of launching our own stablecoin would mark a key step in advancing our vision of driving innovation across digital entertainment. We’re excited to share continued updates as we reach meaningful milestones in our evaluation.”
About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a leading global developer and publisher of interactive digital entertainment, with an extensive portfolio of premium games available on various platforms, including consoles, PCs, and mobile devices. For more information, please visit: https://snail.com/.
Forward-Looking Statements
This announcement contains forward-looking statements reflecting Snail’s intentions and plans regarding its digital asset initiative. Any decisions regarding the stablecoin will rely on comprehensive evaluations of various factors, including regulatory landscape and technical feasibility. The company emphasizes that no commitment has been made to launch a stablecoin, and its exploration depends on numerous contingencies. Stakeholders should carefully review the risks and uncertainties associated with such initiatives as outlined in the company’s public filings.
Snail Inc.’s exploration of a proprietary stablecoin marks a potentially transformative chapter in its pursuit of leveraging innovative technologies to enhance the gaming experience. Stakeholders and industry watchers are encouraged to stay tuned as developments unfold.
