TechFlame reports that Snail, Inc., a Nasdaq-listed independent interactive digital entertainment developer and publisher, announced the establishment of a wholly-owned subsidiary, Snail Coins LLC. The company will be responsible for the issuance, management and operation of its dollar-backed stablecoin projects and other broader digital asset management plans as an independent entity. Additionally, Snail also announced the launch of a strategic digital asset plan to support capital formation to launch reserve assets for its stablecoin project.