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

Bullish, a cryptocurrency exchange, raised an impressive $1.15 billion in proceeds from its initial public offering (IPO), and what makes this milestone particularly noteworthy is that the entire amount was raised in stablecoins. This innovative approach marks a significant first for the public market, highlighting a shift towards the adoption of cryptocurrencies and stable digital currencies in traditional financial environments. The use of stablecoins in such a large-scale public offering not only demonstrates their growing acceptance but also underscores the potential for further integration of blockchain technology within the financial sector. source: https://www.coindesk.com/business/2025/08/19/bullish-s-usd1-15b-in-ipo-proceeds-was-entirely-in-stablecoins-a-first-for-public-market