Bullish Raise $1.15B Through Solana Stablecoins for NYSE IPO
Bullish Exchange don complete im first NYSE IPO, raise $1.15B fully inside stablecoins. Jefferies manage di minting, exchange and delivery of different tokens—mainly Solana stablecoins like USDC and EURC, plus Paxos USDG, PayPal PYUSD, Ripple RLUSD, Agora AUSD and USD1—wey Coinbase dey custodi. CFO David Bonanno highlight how stablecoins dey play role for quick, secure cross-border transfers. Solana Foundation President Lily Liu talk say dis offer na mashup of public markets with blockchain rails, and Coinbase VP Greg Tusar call am big step for digital assets. Di IPO issue 30M shares at $37 each, debut under ticker BLSH at $90—a 143% rise—peak at $117 before e come down to ~ $59 inside first week. With support from Peter Thiel and crypto-friendly US regulations, dis successful Solana stablecoins settlement na milestone to join blockchain-based stablecoins with traditional finance and e fit push wider stablecoin adoption.
Bullish
Di use of Solana stablecoins for Bullish $1.15B IPO don boost di on-chain transaction volume well well and e show say institutional people get confidence for Solana blockchain. Dis high-profile kain application dey increase Solana utility and visibility, wey fit make demand for SOL go high for both short and long term. Traders fit expect price to rise as market players dey see say Solana fit support big financial operations and stablecoin ecosystems.