Snail Studio Maming Studio (SNAL) explores the development of the US dollar dollar
Snail (Snal)The audience’s video game studio said on Tuesday that it is studying the development of the US dollar dollar.
The company assesses technical, legal and financial obstacles to the royal stablecoin version, according to press release. To support this effort, Snail George Cao, Founder of Crypto ExchandE ASCENDEX, kept as an external advisor. The company also participated in a law firm focusing on encryption to help move in compliance challenges.
There has been no fixed timetable, and the initiative is still exploratory.
The arrow jumped up to 20 % on the news before giving up some gains, with the session closed 8 % higher.
“This exploration Stablecoin is a natural development of our innovation-led strategy and will support a wider effort to assess how Blockchain’s based technologies are compatible with the company’s long-term goal in the lead in entertainment.”
Stablecoins are encrypted currencies associated with Fiat currencies like the US dollar, and are increasingly popular to quickly transfer value and with fewer brokers through Blockchain bars. With the imminent American regulations for the sector, Main banks and Adult retailers Like Walmart and Amazon explores Stablecoins version.
For a company like Snail, the stablecoins merge can open doors on Blockchain’s game economies or markets driven by players or cross -border liquefy, without relying on traditional payment bars.
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