Bullish Pulls Off $1.15B IPO, Every Dollar Settled in Stablecoins

TLDR: Bullish raised $1.15B in its IPO, settling proceeds fully in stablecoins across multiple issuers and blockchains. Most stablecoins used in the IPO were minted on Solana, highlighting blockchain’s growing role in market settlement. Coinbase is holding custody of the proceeds, with the majority received in USDC and EURC stablecoins. Stablecoins included USDCV, EURCV, USDG, [...]

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