BULLISH IPO RAISES $1.15B IN STABLECOINS, A FIRST FOR PUBLIC MARKETS

Summary from the TLDR Crypto newsletter

Bullish became the first U.S.-listed company to raise over half its IPO proceeds in stablecoins, securing $1.15B across eight stablecoins, mostly minted on Solana and custodied by Coinbase. The move transforms IPO settlement from single-currency, T+2 processes to instant, multi-currency rails with liquidity provided by major issuers like Circle, Paxos, and SocGen. By proving stablecoin-based settlement at scale, Bullish signals how public equity markets may adopt crypto infrastructure for capital raising.