Gemini has been hit with a class-action lawsuit in New York, accusing the firm of misleading investors about its strategy before and after its 2025 IPO.
Gemini’s stock closed at $32 on its first trading day in September but has since fallen over 80% to around $6 as of Thursday.
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Monthly stablecoin volume reached $7.2 trillion in February 2026, surpassing the Automated Clearing House (ACH) network for the first time, which had $6.8 trillion.
ACH is an outgoing payment system...

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The...