Bullish Settles $1.15B IPO Entirely in Stablecoins

Bullish Settles $1.15B IPO Entirely in Stablecoins

Crypto exchange Bullish has made history by settling its entire $1.15 billion initial public offering (IPO) using a diverse basket of stablecoins — a first for the U.S. capital markets.  The IPO, which closed Aug. 14, was primarily conducted on Solana, with traditional investment bank Jefferies serving as the settlement agent. Jefferies handled the minting, conversion and delivery of several U.S. dollar and Euro-denominated stablecoins. Bullish …

Bullish Pulls Off $1.15B IPO, Every Dollar Settled in Stablecoins - WorldNL Magazine

TLDR: Bullish raised $1.15B in its IPO, settling proceeds fully in stablecoins across multiple issuers and blockchains. Most stablecoins used in the IPO were minted on Solana, highlighting blockchain’s growing role in market settlement. Coinbase is holding custody of the proceeds, with the majority received in USDC and EURC stablecoins. Stablecoins included USDCV, EURCV, USDG, PYUSD, RLUSD, USD1, AUSD, and EURAU, issued across U.S., Europe, and…

Ripple’s RLUSD Fuels Bullish IPO as Wall Street Watches Onchain Settlement Unfold – Featured Bitcoin News

Bullish’s landmark IPO shattered precedent with $1.15 billion settled entirely onchain using RLUSD and leading stablecoins, igniting a new era for digital capital markets. RLUSD and Leading Stablecoins Set Onchain Settlement Precedent in Bullish IPO Ripple’s stablecoin Ripple USD (RLUSD), issued on the XRP Ledger, played a key role in Bullish’s historic initial public offering […]

Bullish Settles $1.15 Billion IPO In Stablecoins, A First For U.S. Markets - FinanceFeeds

Crypto exchange Bullish said its $1.15 billion initial public offering was fully settled in stablecoins, marking the first time a U.S. IPO has been completed using digital tokens. The company said the settlement relied primarily on Circle’s USDC and EURC, with most of the stablecoins minted on the Solana blockchain. The transaction was handled by Jefferies, which oversaw minting, conversion, and delivery of the tokens. “We view stablecoins as on…

Bullish Pulls Off $1.15B IPO, Every Dollar Settled in Stablecoins - Blockonomi

TLDR: Bullish raised $1.15B in its IPO, settling proceeds fully in stablecoins across multiple issuers and blockchains. Most stablecoins used in the IPO were minted on Solana, highlighting blockchain’s growing role in market settlement. Coinbase is holding custody of the proceeds, with the majority received in USDC and EURC stablecoins. Stablecoins included USDCV, EURCV, USDG, PYUSD, RLUSD, USD1, AUSD, and EURAU, issued across U.S., Europe, and…