Snail establishes subsidiary for USD-backed stablecoin project

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Go back to Snail establishes subsidiary for USD-backed stablecoin project

Snail, Inc. Advances Stablecoin Initiative by Establishing a New Wholly Owned Subsidiary, Snail Coins LLC

July 22, 2025 8:30 AM EDT

CULVER CITY, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (Snail Games or the Company), a leading global independent developer and publisher of interactive digital entertainment, today provided an update on its recently announced stablecoin initiative, establishing Snail Coins LLC, a wholly owned subsidiary of the Company, to serve as the dedicated entity responsible for the issuance, management, and operations of its proprietary USD-backed stablecoin project and other broader digital asset management initiatives.

This move marks a milestone in the Companys broader stablecoin initiative and... More