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Gaming Giant Snail Dives Into Crypto: Plans to Launch USD Stablecoin in Bold Pivot

Gaming Giant Snail Dives Into Crypto: Plans to Launch USD Stablecoin in Bold Pivot

Coindesk
Author:
Coindesk
Release Time:
2025-07-15 21:31:06
0

Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin

Snail Games—best known for blockbuster MMORPGs—just dropped a plot twist: they're building a dollar-pegged stablecoin. Because nothing says 'metaverse strategy' like becoming a shadow bank.

Why now? The studio's cryptic pivot follows a year of declining in-game NFT sales—turns out players prefer loot boxes over blockchain jargon. But with $2.3B in annual revenue, Snail's betting regulators will ignore a gaming company issuing quasi-currency.

The playbook? Mirror Tether's 'print first, ask later' model while leveraging 200M registered users. Expect tokenized V-bucks before 2026.

Wall Street analysts yawned. 'Another corp chasing crypto relevancy,' muttered one trader, adjusting his GameStop positions.

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