Hong Kong-based stablecoin payments firm RedotPay is reportedly considering a US initial public offering that could raise more than $1 billion and value the company at over $4 billion, according to a report citing sources familiar with the matter. The company is said to be working with major investment banks on a potential New York listing, though terms remain under review and subject to change.
Founded in 2023, RedotPay offers stablecoin-linked payment cards, multicurrency wallets, and cross-border payout services. The company claims to serve around 6 million users and process roughly $10 billion in annualized payment volume, positioning itself within the expanding digital payments infrastructure segment.
The reported IPO discussions follow a strong fundraising year in 2025, during which RedotPay secured $194 million across three funding rounds and reached unicorn status. The development reflects continued institutional interest in stablecoin-focused payment platforms as venture capital increasingly targets crypto infrastructure and financial technology integration.
