Bullish's $1.15B in IPO Proceeds Was Entirely in Stablecoins—A First for Public Market

The crypto platform Bullish (BLSH), the owner of CoinDesk, said it received $1.15 billion in proceeds from its initial public offering in stablecoins, which was the first for U.S. public markets.

Most of the tokens were minted on the Solana (SOL) network and predominantly settled in USDC (USDC),…

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