- RedotPay explores a $1B U.S. IPO, aiming to bridge stablecoins with everyday payments worldwide.
- Partnerships with Circle, Visa, and StraitsX strengthen RedotPay’s cross-border crypto payment network.
- With $10B in annual transactions, RedotPay’s growth highlights rising institutional interest in crypto finance.
Hong Kong-based RedotPay, which specializes in stablecoin payments, is considering going public in the U.S. The IPO could raise more than $1 billion and value the company at over $4 billion.
As per Bloomberg, the listing may take place in New York as early as this year, though final terms remain undecided. RedotPay engages major Wall Street banks, including JPMorgan, Goldman Sachs, and Jefferies, in its IPO evaluation. Additionally, other financial institutions could join the underwriting syndicate if the deal proceeds.
Established in April 2023, RedotPay has seen rapid growth with its services in payment cards linked to stablecoins, multi-currency digital wallets, and cross-border payments. So far, RedotPay has over 6 million users worldwide and facilitates $10 billion in transactions annually.
The buzz about RedotPay’s potential IPO comes after a series of fundraising activities. In 2025, RedotPay raised a total of $194 million in various fundraising rounds. RedotPay’s $40 million Series A round and $47 million strategic investment gave the company unicorn status, followed by its $107 million Series B round with venture capital focusing on cryptocurrency investing and fintech investing.
Strategic Partnerships Strengthen Payments Infrastructure
RedotPay has partnered with Circle and its Circle Payment Network to integrate USDC into cross-border payments. This move expands stablecoin settlement capabilities in Latin America, the Middle East, and Africa. Hence, USDC can serve as a predictable medium of exchange for merchants and consumers.
Moreover, RedotPay partnered with Visa and Singapore-based StraitsX to launch a card program transforming crypto spending. StraitsX acts as the BIN sponsor, while Visa enables global merchant acceptance. Consequently, users can spend digital assets with real-time conversion at checkout.
Market Implications and Growth Potential
The IPO will be one of the largest in the U.S. public market for a payments company that focuses on stablecoins. In addition to the institutional interest in crypto infrastructure, it also shows the overall adoption of stablecoins.
Investors are increasingly supporting companies that enable the connection of blockchain and traditional finance. The approach of RedotPay is centered on linking digital assets with retail infrastructure, and its partnerships improve both accessibility and usability. Moreover, the company’s expansion also indicates the overall trend of cross-border crypto payment services.
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