š® Game On: Snail Inc. Eyes Stablecoin Launch to Power the Future of Gaming Payments
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The stablecoin wave is crashing into gaming ā and Nasdaq-listed Snail Inc. wants to be one of the first to ride it all the way to the leaderboard.
With stablecoins gaining serious traction in both DeFi and traditional finance, game studios are starting to see the writing on the blockchain: crypto payments are becoming the next in-game norm.
šŖ Whatās the Play?Snail Inc. ā known for titles like Age of Wushu and its ownership of ARK: Survival Evolved studio Wildcard ā has officially announced it's exploring the feasibility of launching a US dollarābacked stablecoin.
They wouldnāt be the first:
Animoca Brands is collaborating with banks to launch a Hong Kong dollarābacked stablecoin, Playtron is bringing Game Dollar to the Sui blockchain, And PHPC, pegged to the Philippine Peso, has already gone live on Ronin.
But Snailās move is unique because it would mark one of the first major steps by a public U.S.-listed game company into stablecoin territory.
Teaming Up with Crypto Heavyweights
To make sure they donāt press ālaunchā without doing their homework, Snail Inc. has brought in:
Dr. George Cao, CEO of AscendEX, to advise the stablecoin initiative A ānationally recognizedā law firm that specializes in crypto compliance
Because letās be honest ā launching a stablecoin is not a walk in the digital park. It involves:
Regulatory approvals
Cybersecurity infrastructure
Governance frameworks
Financial controls
Tech feasibility
š§© Why a Stablecoin?Besides flexing innovation muscles, the move could cement Snail Inc. as a first mover in crypto-native game economies.
Imagine:
Seamless payments between players worldwide Reward systems tied to a stable asset Reduced reliance on credit cards or fiat gateways In-game marketplaces backed by programmable money
In short: Web3-style freedom ā without the volatility.
The Numbers
For context, Snail Inc. pulled in $85 million in revenue last year with a $2 million net profit. Thatās decent for a game publisher, but adding a financial layer (i.e., their own stablecoin) could massively expand their revenue potential, especially as more games integrate play-to-earn mechanics and on-chain economies.
ļø The Vision from the Top
āThis investigation into the crypto space and evaluation of launching our own stablecoin would mark a key step in advancing our vision of driving innovation across digital entertainment,ā ā Hai Shi, Co-CEO, Snail Inc.
So while the stablecoin hasnāt launched yet, the roadmap is being drawn, and Snail Inc. wants a front-row seat in the Web3 gaming future.
š§µ TL;DR:
Snail Inc. is exploring launching a US-dollar stablecoin to revolutionize how payments work in gaming. With legal and crypto advisors in place, itās aiming to lead innovation across digital entertainment ā and perhaps unlock a new cash flow level in the process.Would you use a SnailCoin for in-game transactions or rewards? Drop your thoughts below!
#Stablecoins #Gaming #CryptoNews #SnailInc #GameFi #Web3Gaming #DeFi #ETH #BlockchainGaming
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Bold move from Snail Games! Launching a USD-backed stablecoin via Snail Coins LLC positions them to unify gaming economies across titles and continents. By tapping into GENIUS Act regulations, hiring crypto veteran George Cao, and engaging top-tier legal counsel, theyāre aiming for a compliant and scalable payments infrastructure.A proprietary gaming stablecoin could streamline in-game purchases, NFT trades, and cross-border player interactionsāreducing reliance on credit cards or fiat rails. Itās the kind of Web3 innovation weāve been waiting for in entertainment.
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Snail Games exploring a gaming-centric stablecoin is excitingābut thereās a long path ahead. The stablecoin ecosystem is dominated by incumbents like USDT and USDC, making differentiation hard. They must secure regulatory approval, develop strong reserve mechanisms, ensure cybersecurity hygiene, and earn player trust.If done right, it could unlock seamless, low-fee in-game economies. If rushed, it risks reputational or financial feedback loops. Watching how the roadmap evolves and how regulators respond will be telling.