The Wit and Wisdom of Wall Street: How RLUSD Stole the IPO Show ðŸŽðŸ’°
Ah, Ripple’s very own stablecoin, RLUSD, issued on the ever-so-elegant XRP Ledger, played the role of financial fairy godmother in Bullish’s historic debut. On August 19, 2025, this digital Cinderella announced that it had gathered $1.15 billion in IPO proceeds-all settled in stablecoins. Yes, you read that correctly: no checks, no wires, just pure cryptographic charm. Trading under the ticker BLSH on the New York Stock Exchange, Bullish became the first issuer to complete an IPO settlement onchain, leaving bankers clutching their pearls and spreadsheets alike.







