Crypto exchange Bullish has become the first to settle its IPO proceeds in stablecoins at such a large scale. The Peter Thiel-backed crypto exchange announced that it had received all the proceeds in several stablecoins, including Circle’s $USDC and Ripple’s $RLUSD.
Bullish Shuns Fiat, Receives $1.15B IPO Proceeds in USDC and RLUSD Stablecoins
coingape.com
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19 August 2025 13:50, UTC
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Bullish’s $1.15B IPO Makes History, Settled Entirely in Stablecoins
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Bullish Raises $1.15B, Allocates IPO Funds to Solana, Ripple, and PayPal Stablecoins
crypto-news-flash.com
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