Hong Kong-Based Stablecoin Firm RedotPay Eyes $1B US IPO

RedotPay, a Hong Kong-based fintech company specializing in stablecoin payments, is reportedly considering an initial public offering (IPO) in the United States. Sources say the firm could raise over $1 billion, potentially valuing the company at more than $4 billion.

According to Bloomberg, RedotPay is working with major banks, including JPMorgan Chase, Goldman Sachs, and Jefferies, to plan a possible New York listing. The company has not finalized details such as the exact offering size, valuation, or timeline, which remain under discussion.

Expansion and Services

Founded in 2023, RedotPay enables users to convert and spend stablecoins in everyday transactions. Its offerings include crypto cards for global payments, multi-currency wallets, instant stablecoin transfers, and borderless payouts, all designed to simplify digital finance.

The company emphasizes fast, low-cost, and secure payments while promoting financial inclusion in underserved markets. Its services directly support these goals by making digital transactions easier and more accessible for millions of users.

RedotPay now serves over six million users across more than 100 countries and processes billions in payments and card spending annually. The rapid growth has drawn attention from investors and analysts, highlighting its role in the expanding stablecoin payments sector.

Funding and Market Context

In late 2025, RedotPay raised $107 million in a Series B round led by Goodwater Capital, with support from Pantera Capital, Blockchain Capital, Circle Ventures, and HSG. The funding helped the company expand its infrastructure, build partnerships, and grow its global services.

The firm partnered with Circle to strengthen its payment networks and improve crypto-to-fiat conversions, supporting its global expansion. These moves have positioned RedotPay for a potential IPO, reflecting growing interest in stablecoins and crypto payment infrastructure.

RedotPay says its mission is to make digital finance more accessible, secure, and efficient through stablecoin adoption. The IPO, still in preliminary stages, signals the company’s intention to scale further in the competitive fintech space.

Bloomberg reported the information from anonymous sources due to the confidential nature of the process. Market watchers are likely to follow RedotPay’s next steps closely as discussions with underwriters continue.

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