Peter Thiel-Backed Bullish Raises $1.15 Billion Using Stablecoins in Historic US IPO

In a landmark move, cryptocurrency exchange Bullish has executed the first public offering in U.S. history utilizing stablecoin funding, raising a remarkable $1.15 billion according to SEC filings dated August 19th. The company went public on the New York Stock Exchange under the ticker BLSH last week but its shares have since declined almost 49% from their initial trading high. .