[Gemini Sells UK and European Business to Stablecoin Payments Company KAST for Less Than $10 Million] According to Jinse Finance, citing CoinDesk, Gemini has sold its UK and European operations to stablecoin payments company KAST for less than $10 million. This transaction is a continuation of Gemini's business restructuring and contraction in overseas markets. Earlier this year, Gemini planned to exit the UK, EU, and Australian markets, laying off approximately 25% of its staff, and shifting its strategic focus to its US and Singapore operations. Job postings related to the transaction were disclosed a month ago. Gemini has declined to comment, while KAST only stated that it is actively pursuing mergers and acquisitions as its revenue and business expand.