Bullish Makes History: $1.15 Billion IPO Fully Settled in Stablecoins

Crypto exchange Bullish became the first U.S. company to complete an initial public offering (IPO) entirely using stablecoins, marking a significant milestone in digital asset finance. The company utilized Circle’s USDC and EURC stablecoins as part of this groundbreaking settlement, with most of the tokens minted on the Solana blockchain. Jefferies, responsible for minting, conversion, and delivery, oversaw the process.