BlockBeats news, on August 19, according to an official announcement, the cryptocurrency trading platform Bullish announced that it has arranged to receive $1.15 billion from its recently completed initial public offering (IPO) in the form of stablecoins, marking a historic step in the use of stablecoins in U.S. IPOs.
The vast majority of stablecoins were minted for Bullish on the Solana network. Bullish received the following stablecoins denominated in USD and EUR: funds from the IPO, most of which were settled in USDC, some in EURC, all exclusively custodied by Coinbase, as well as USDCV, EURCV, USDG, PYUSD, RLUSD, USD1, AUSD, EURAU.
