Stablecoin Payment Firm RedotPay Eyes US IPO at More Than $4B Valuation
RedotPay is reportedly planning a US IPO to raise over $1 billion at a valuation exceeding $4 billion.Summary
Hong Kong-based stablecoin payments company RedotPay is reportedly considering a US initial public offering (IPO) that could raise more than $1 billion and achieve a valuation above $4 billion. The company is working with JPMorgan Chase, Goldman Sachs, and Jefferies for a potential New York listing as early as this year, though terms are still under review. Founded in April 2023, RedotPay offers stablecoin-linked payment cards and has grown rapidly, serving 6 million users and handling about $10 billion in annualized payment volume. This potential IPO follows a successful fundraising year in 2025, where RedotPay secured $194 million across three rounds, including a $47 million strategic round that achieved unicorn status.
(Source：Cointelegraph)