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🚀 BULLISH IPO 1.15 BILLION USD – FULLY BACKED BY STABLECOIN, FIRST TIME IN U.S. HISTORY
🟢 Bullish (BLSH), the owner of CoinDesk, stated that the entire 1.15 billion USD raised from the IPO has been paid in stablecoins – marking an unprecedented milestone in the U.S. stock market.
🟢 Most of the funds are paid in USDC on Solana, held in custody by Coinbase.
🟢 The rest uses many other stablecoins: EURC (Circle), PYUSD (PayPal), RLUSD (Ripple), USDG (Paxos), USDCV/EURCV (SocGen), USD1 (World Liberty), AUSD (Agora), EURAU (AllUnity).
🟢 Jefferies acts as the manager for the issuance and conversion.
➡️ This move confirms that stablecoins are gradually becoming a global payment tool, especially as the U.S. has just enacted the GENIUS Act to regulate this sector.
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➡️ Update crypto market information at: