The popularity of stablecoins remains high; will the market continue to speculate?
Bullish: Received $1.15 billion from IPO in the form of stablecoins
The digital asset exchange Bullish, listed on the New York Stock Exchange, officially announced that it has raised $1.15 billion from its recently completed initial public offering (IPO), paid in stablecoins.
Bullish stated that the vast majority of stablecoins were minted on the Solana network, with investment bank Jefferies acting as the settlement and delivery agent for the IPO.
They coordinated the minting, conversion, and delivery processes of stablecoins and worked closely with numerous issuers and platforms in the U.S., Europe, and Asia.
Most of the IPO proceeds were settled in USDC, with a portion settled in EURC, exclusively custodied by Coinbase.
Do you think the popularity of stablecoins will last long-term? $BTC
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