[Sources: Gemini Sells UK and European Operations to KAST for Less Than $10 Million] Foresight News reports, citing sources familiar with the matter, that Gemini has sold its UK and European operations to stablecoin payments company KAST for less than $10 million. Gemini declined to comment; a KAST spokesperson did not comment on the deal but stated, "As our revenue and business footprint grow, we are actively seeking acquisitions." Gemini announced in February 2026 that it would gradually withdraw from the UK, EU, and Australian markets and lay off approximately 25% of its global workforce, retaining its US and Singapore operations. KAST, headquartered in Singapore, provides stablecoin accounts, cross-border transfers, and payment card services. Founded by former Circle executive Raagulan Pathy, it completed an $80 million Series A funding round in March 2026, co-led by QED Investors and Left Lane Capital.