Deep Tide TechFlow News, August 19, according to an official announcement, Bullish (NYSE: BLSH) today announced that in its recent initial public offering (IPO), a total of $1.15 billion in proceeds was settled in the form of stablecoins, marking a historic milestone for the U.S. IPO market. These stablecoins were primarily minted on the Solana network, with Jefferies acting as the agent to coordinate the entire minting, conversion, and delivery process. All stablecoin proceeds are exclusively custodied by Coinbase. Bullish CFO David Bonanno stated that the company utilizes stablecoins for fast and secure global fund transfers internally, especially on the Solana network. Bullish's IPO was completed on August 14, 2025, and its shares are currently traded on the New York Stock Exchange under the ticker "BLSH."