PANews August 19 news, Bullish (NYSE: BLSH) announced that it has raised $1.15 billion through its recently completed Initial Public Offering (IPO) and received it in the form of stablecoins.

This marks a historic application of stablecoins in U.S. IPOs. Most stablecoins are minted on the Solana network, primarily including USDC and EURC, with funds held in custody by Coinbase. Bullish's CFO stated that the company utilizes stablecoins to achieve fast and secure global fund transfers and to drive related business development. Bullish's stock officially listed on the New York Stock Exchange on August 14, 2025, under the ticker “BLSH”.