According to online reports, Bullish, a digital asset exchange listed on the New York Stock Exchange, officially announced that it has received US$1.15 billion in proceeds from its recently completed initial public offering of coins, paid in the form of stable coins. Bullish said that the vast majority of stablecoins are minted on the Solana network. Investment bank Jefferies, as the settlement and delivery agent for the initial public offering, coordinates the minting, conversion and delivery process of stablecoins, and works closely with many issuers and platforms in the United States, Europe and Asia. Most of the proceeds from the initial public offering are settled in USDC, and some are settled in EURC and are exclusively managed by Coinbase.