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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Game giant Snail Games plans to issue a stablecoin, and the stock price rose by 8%.
[Coin World] According to reports, Nasdaq-listed game publisher Snail Games (code: SNAL) has announced that it is exploring the possibility of issuing a proprietary US dollar stablecoin, assessing aspects including technology, legal, and financial considerations. To advance this plan, the company has hired the founder of a trading platform as an external advisor and commissioned a law firm focused on the encryption field to assist with compliance matters. Following the announcement, Snail's stock price rose 20% at one point during trading, ultimately closing with an 8% increase.