Nasdaq-listed gaming company Snail establishes stablecoin subsidiary Snail Coin and launches strategic digital asset initiative
According to Jinse Finance, Snail, Inc., a Nasdaq-listed independent interactive digital entertainment developer and publisher, has announced the establishment of a wholly owned subsidiary, Snail Coins LLC. This company will operate as an independent entity responsible for the issuance, management, and operation of its US dollar-backed stablecoin project, as well as other broader digital asset management initiatives. In addition, Snail has also announced the launch of a strategic digital asset plan to support the capital formation of reserve assets for its stablecoin project.
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