Bullish Exchange Bags $1.15 Billion IPO Proceeds in Stablecoins
Top cryptocurrency exchange Bullish wants to receive the payout from its recently completed initial public offering (IPO) entirely in stablecoins.
According to the announcement, the value of the payout is a total of $1.15 billion. This move marks a new era where stablecoins are used in an IPO in the United States.
Bullish Support USD- and EUR-Dominated Stablecoins
Bullish is about to pioneer an era where stablecoins are used in an IPO settlement. The exchange noted that a significant percentage of the stablecoins, which were both USD- and EUR-denominated, were minted on the Solana SOL $178.1 24h volatility: 2.3% Market cap: $96.23 B Vol. 24h: $5.58 B blockchain.
Activities like stablecoin minting, conversion, and the delivery process were coordinated by Jefferies,...
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