Bullish Breaks New Ground With Stablecoin-Based IPO

A groundbreaking milestone was achieved as cryptocurrency exchange Bullish completed its initial public offering (IPO) entirely in stablecoins. This unprecedented move marks the first U.S. company to utilize stablecoins for such a large financial transaction, demonstrating a shift towards digital asset settlement in public markets. The $1.15 billion IPO proceeds were settled using USDC and RLUSD, minted on Solana blockchain, paving the way for more secure global transactions.