Bullish makes history, first IPO with stablecoin in the US

Exchange #bullish has made a historic breakthrough by conducting an initial public offering (IPO) worth $1.15 billion entirely in stablecoin. This is the first time a company in the US has used digital assets to pay for the entire IPO process.

How it works and its significance

This transaction was mainly conducted on the Solana blockchain, known for its fast speed and low costs, making minting and payments efficient. The stablecoins used include $USDC , EURC, PayPal USD, Ripple USD, and many others.

This event is a significant milestone, showing the increasingly deepening integration between traditional finance and the cryptocurrency market. Bullish's use of stablecoins for a large-scale transaction like #IPO not only demonstrates the applicability and efficiency of this technology but also reinforces the position of stablecoins as a reliable financial trading medium.

Collaboration and acceptance

This deal was handled by investment bank Jefferies and custodized by Coinbase, showing the collaboration between the "big players" of Wall Street and the crypto industry. This is a positive signal, affirming that traditional financial institutions are gradually accepting and integrating blockchain technology into their core operations.

This event not only opens a new pathway for listed cryptocurrency companies but also represents a significant step in bringing digital assets into the mainstream financial system. #anhbacong