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A certain exchange completed an $1.15 billion coin IPO, mainly settled in USDC.
[Gold Finance] According to reports, a digital asset exchange officially announced that it has obtained $1.15 billion in revenue from its recently completed coin IPO, paid in stablecoin. The exchange stated that the vast majority of stablecoins were minted on the Solana network, with investment bank Jefferies acting as the settlement and delivery agent for the IPO, coordinating the minting, conversion, and delivery processes of the stablecoins, and closely collaborating with numerous issuers and platforms in the United States, Europe, and Asia. Most of the proceeds from the IPO were settled in USDC, with a portion settled in EURC, and exclusively held by a certain trading platform.