Bullish Inc. (NYSE: BLSH), a global digital asset platform aimed at institutional clients, announced on Tuesday it received $1.15 billion in revenue from its first public offering (IPO).
According to an announcement from a supporter of Cathie Wood, the transaction is a key milestone for using blockchain-based currency in the US capital markets.
The majority of the stubcoin was minted on the Solana (SOL) blockchain, and Jeffries served as a billing agent for the service. Jeffries oversaw the creation, conversion and distribution of digital assets, coordinating with multiple publishers and platforms in North America, Europe and Asia.
Bull received a variety of US dollar and euro denominated stables, including USD Coinververible, USD1, World Liberty Financial, Agora from Agora from Agrua, and USD coin-over-verable issued by Euroa’s XRP Ledger’s XRP Ledger on the Ripple USD, including USD coin-over-verable issued by Paxos, Global Dollar, and PayPal USD.
Most of the revenues were resolved in USDC, with some in the euro. All assets are detained by Coinbase.
Bully CFO David Bonanno says,
“We consider Stablecoins to be one of the most transformative and widespread use cases for digital assets. Internally, we leverage them for rapid and secure global fund transfers, particularly on the Solana network.
