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Bullish tried to go public in 2021 via a merger with special purpose acquisition company Fair Peak. However, the two firms called off the plan due to regulatory hurdles in late 2022. But that was under a different administration. With crypto-friendly President Donald Trump in office, investors have grown much more enthusiastic about cryptocurrency. The administration’s pro-crypto stance has helped bring the price of bitcoin to record levels, and inspired other digital asset firms to seek public listings.
“Ultimately, however, Circle’s IPO is not just a financial milestone; it’s a statement of intent,” the report added. “It tells the world that stablecoins have graduated from the experimental phase and are ready to play a central role in the future of money.”
