Bullish IPO earns $1.15 billion in stablecoin subscription funds, marking the first large-scale use of stablecoins for settlement in a US IPO According to the official announcement of Bullish, a global digital asset platform focused on institutional investors, Bullish (NYSE: BLSH) has raised approximately $1.15 billion through stablecoins after completing its initial public offering (IPO). This is the first large-scale case of using stablecoins for settlement in a US IPO. The vast majority of stablecoins are minted on the Solana network and coordinated by Jefferies for coinage, exchange, and delivery processes. Bullish received stablecoins including various USD and EUR pegged tokens primarily settled in USDC and EURC, which are managed by Coinbase. Bullish CFO David Bonanno stated that stablecoins help achieve fast and secure global fund transfers, demonstrating their capabilities in market infrastructure and liquidity. Lily Liu, President of Solana Foundation, pointed out that this IPO combines public market infrastructure with blockchain networks, highlighting Solana's potential in improving market efficiency and innovation. Bullish shares will be traded on the New York Stock Exchange under the code BLSH starting from August 14th.