Bullish IPO received a US$1.15 billion stablecoin subscription, which is the first time that the US IPO has used stablecoin to settle on a large scale

According to Foresight News, according to an official announcement from Bullish, the global digital asset platform focused on institutional investors, Bullish (NYSE: BLSH), raised about $1.15 billion in its initial public offering (IPO). This is the first case of a large-scale settlement of stablecoins in the United States.



The vast majority of stablecoins are minted on the Solana network and Jefferies coordinates the coin minting, exchange and delivery processes. The stablecoins received by Bullish include a variety of USD and Euro-pegged tokens settled primarily in USDC and EURC, and are hosted by Coinbase. Bullish CFO David Bonanno said stablecoins help achieve fast and secure global capital transfers, showing their capabilities in market infrastructure and liquidity.


Lily Liu, president of the Solana Foundation, pointed out that the IPO combines public market infrastructure with blockchain networks, demonstrating Solana's potential in improving market efficiency and innovation. Bullish shares are trading on the New York Stock Exchange since August 14 under the code BLSH.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.