Bullish Makes History With RLUSD-Backed IPO Settled Entirely Onchain

Bullish made history on August 19, 2025, by completing the first-ever IPO fully settled onchain, raising $1.15 billion with Ripple’s RLUSD and other leading stablecoins.

Trading under ticker BLSH on the NYSE, the move showcased how stablecoins can reshape capital markets. RLUSD, already ranked the top stablecoin by Bluechip for its strong reserves and NYDFS oversight, continues to expand its reach—powering Ripple’s 90-market payments network, enabling credit agreements up to $150 million with Gemini, and joining Mesh’s payment ecosystem. The milestone highlights RLUSD’s growing institutional role and sets a precedent for future Wall Street listings on blockchain.

Clever Robot News Desk 20^th August 2025