The cryptocurrency company, which offers fully backed digital money for rapid global payments around the clock, priced its IPO above the expected range.

Cameron and Tyler Winklevoss, who founded Gemini in 2014, were among the most vocal critics of the regulatory clampdown on digital assets companies. Both became active supporters of Trump, contributing to his campaign and to a political action committee funded by the industry to support pro-crypto politicians in Washington.

The cryptocurrency company's stock opened for trading on the NYSE at $69 apiece, valuing the stablecoin issuer at nearly $18 billion.