Bullish @Bullish reports $1.15b of their IPO raise was in Stable Coin making it the first IPO in StableCoin ever.
The vast majority of the stablecoins were minted for Bullish on the @Solana network. Jefferies, as billing and delivery agent for the initial public offering, coordinated the stablecoin minting, conversion, and delivery process, working closely with the numerous issuers and platforms across the U.S., Europe, and Asia. Bullish received the following USD- and EUR-denominated stablecoins:
Proceeds from the IPO, the majority of which were settled in USDC, along with a portion that were settled in EURC, are being custodied exclusively by Coinbase.
USD CoinVertible (USDCV) and EUR CoinVertible (EURCV) issued by Societe Generale-FORGE
Global Dollar (USDG) issued by Paxos and available via Global Dollar Network partners
PayPal USD (PYUSD) issued by Paxos
Ripple USD (RLUSD) issued on XRP Ledger by Ripple
USD1 issued by World Liberty Financial
Agora Dollar (AUSD) issued by Agora
EURAU issued by AllUnity
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