Following an IPO that was 20 times oversubscribed, the debut marks a striking turnaround for Gemini and its founders, billionaire twins Cameron and Tyler Winklevoss. Tyler and Cameron Winklevoss own about 75 million shares after Gemini’s IPO, worth roughly $2.78 billion according to Reuters’ calculations based on SEC filings.

Tether Holdings SA, the company behind the world’s most traded cryptocurrency, is bringing its digital dollar home, unveiling a US-regulated stablecoin and appointing Bo Hines, a former White House crypto official,