Filing comes a day after stablecoin operator Circle surged in its public debut

Circle’s tokens should reliably preserve their value, but the same cannot be guaranteed of its shares

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has confidentially filed for a U.S. IPO.

Filing comes a day after stablecoin operator Circle surged in its public debut

Asset-backed digital currencies could pose risks to bedrock of global financial system