Bullish has completed its initial public offering (IPO) with a scale of 1.15 billion USD, using stablecoins as a fundraising medium.
The use of stablecoins to attract capital in IPOs in the U.S. marks a new milestone, with most stablecoins issued on the Solana network and held by Coinbase.
MAIN CONTENT
Bullish raised 1.15 billion USD through its IPO using stablecoins.
Most stablecoins are issued on Solana and deposited at Coinbase.
This creates a breakthrough in the way IPOs are conducted in the U.S. market.
How did Bullish raise capital through its IPO and what is the importance of stablecoins in this process?
Bullish completed its IPO with 1.15 billion USD, while receiving capital in stablecoins, primarily USDC and EURC. This is a first-of-its-kind case in the U.S. market when applying stablecoins in public fundraising.
The use of stablecoins allows Bullish to transfer money quickly and securely on a global scale. This also promotes related business activities and facilitates cross-border financial transactions.
This method effectively leverages the features of stablecoins, stabilizing value, providing high transparency, and easily integrating with modern blockchain platforms.
How are Bullish's stablecoins issued and stored?
Most stablecoins that Bullish uses are issued on the Solana network, a blockchain platform known for speed and low operational costs. Subsequently, these assets are managed and held by Coinbase, ensuring safety and regulatory compliance.
The level of security and control by Coinbase enhances reliability for investors and the market, while also building trust in using stablecoins for large financial transactions.
Leveraging Solana allows for fast transactions, enhancing user experience and increasing scalability for global financial transactions post-IPO.
The use of stablecoins in IPOs marks an important advancement in digital financial records, showcasing creativity and innovation in global fundraising methods.
CFO of Bullish, August 2025
How is Bullish stock listed on the stock exchange?
Bullish's shares officially traded on the New York Stock Exchange (NYSE) from August 14, 2025, under the stock code “BLSH”.
Listing on the NYSE helps Bullish access larger capital and increase liquidity for its shares, while also demonstrating market trust and institutional investor confidence.
This is a positive signal, affirming the connection between traditional financial markets and cryptocurrencies through the adoption of stablecoins in fundraising.
What are the benefits of using stablecoins in large-scale financial transactions?
Stablecoins help shorten transfer times, reduce transaction costs, and increase transparency, making them suitable for large-scale international transactions like IPOs.
With stable value and blockchain technology, stablecoins ensure safety and protect against strong price fluctuations in the context of popular cryptocurrencies.
This contributes to the widespread acceptance of stablecoins in the financial industry, especially for companies seeking quick and effective global funding.
Frequently Asked Questions
What are stablecoins and why are they used in IPOs?
Stablecoins are cryptocurrencies pegged to the value of real assets like USD, facilitating fast, secure transactions and avoiding price volatility. Therefore, they are prioritized in IPOs for effective fundraising.
Are there any risks associated with using stablecoins in IPOs?
Stablecoins are generally less volatile than other cryptocurrencies but are still influenced by the fiat currency market and legal regulations. The main risks relate to legality and governance.
What does Bullish choose the Solana network and Coinbase for?
Solana offers high transaction speeds and low costs; Coinbase ensures safe asset custody and regulatory compliance, thus increasing reliability for using stablecoins.
What are the specific benefits of stablecoins compared to fiat currency when conducting IPOs?
Stablecoins facilitate fast global capital transfers, reduce intermediary costs, enhance transaction transparency, and can integrate blockchain technology, which fiat currency cannot achieve.
Which stock code is Bullish traded under on the NYSE?
Bullish is listed on the NYSE under the stock code “BLSH” since August 14, 2025.
Source: https://tintucbitcoin.com/stablecoin-goi-von-115-ty-usd/
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