Bullish IPO Uses Ripple’s RLUSD for Historic On-Chain Settlement

In a groundbreaking move, digital asset platform Bullish secured $1.15 billion from its IPO entirely in stablecoins, including Ripple’s RLUSD. This historic precedent marks the first time an U.S. public listing has utilized on-chain settlements using these cryptocurrencies. 1.15 Billion raised by Bullish was settled using RLUSD issued on both the XRP Ledger and Ethereum blockchain. This transaction signifies a significant step toward integrating blockchain payment systems within traditional financial markets.