Express
Bullish Receives $1.15 Billion in IPO Proceeds in Stablecoin Form
Summary: According to official announcement, cryptocurrency exchange platform Bullish has arranged to receive $1.15 billion in proceeds from its recent initial public offering (IPO) in the form of stablecoins, marking a historic step in using stablecoins in IPOs in the United States. The majority of stablecoins were minted on the Solana network for Bullish. Bullish received ...
According to official announcement, cryptocurrency exchange platform Bullish has arranged to receive $1.15 billion in proceeds from its recent initial public offering (IPO) in the form of stablecoins, marking a historic step in using stablecoins in IPOs in the United States.
The majority of stablecoins were minted on the Solana network for Bullish. Bullish received stablecoins denominated in USD and EUR, including funds from the IPO settlement, mostly in USDC and some in EURC, all exclusively custodied by Coinbase, as well as USDCV, EURCV, USDG, PYUSD, RLUSD, USD1, AUSD, and EURAU.
