RedotPay Targets $1 Billion IPO as Stablecoin Payments Gain Traction

Hong Kong-based stablecoin payments firm RedotPay is preparing for a potential initial public offering (IPO) in the United States, aiming to raise over $1 billion. The company is working with investment banks JPMorgan Chase & Co., Goldman Sachs Group Inc., and Jefferies Financial Group Inc. On the listing, which could occur as early as this year, according to sources familiar with the matter.

Valuation and Funding

RedotPay may seek a valuation exceeding $4 billion in the IPO. This move follows a strong funding year in 2025, during which the company raised $194 million, including a Series B round in December that valued it at over $1 billion Bloomberg Law. As of November, RedotPay reported having more than 6 million registered users CoinDesk.

Growth and Partnerships

RedotPay achieved unicorn status in September 2024. The company has secured backing from prominent crypto investors, including Accel, Pantera Capital, and Blockchain Capital CoinDesk. Recently, RedotPay formed a partnership with Ripple to enhance its cross-border stablecoin payment capabilities, integrating Ripple Payments to expand its technology and address user needs CoinDesk.

Stablecoin Market Momentum

RedotPay’s IPO plans coincide with a growing trend of stablecoins being positioned as a viable crypto payment mechanism. Monthly payment flows through stablecoin-linked cards have surpassed $1.5 billion, with overall crypto-linked card spending reaching approximately $18 billion annually, indicating a shift from speculative use cases to retail payments Bloomberg Law.

Regulatory Developments

The Securities and Exchange Commission (SEC) recently updated its guidance to allow broker-dealers a 2% capital “haircut” on certain stablecoins when calculating regulatory capital, effectively bringing these instruments closer to cash and high-quality liquid assets Bloomberg Law.

Key Takeaways

• RedotPay is targeting a U.S. IPO to raise over $1 billion.
• The company is valued at over $4 billion.
• RedotPay has over 6 million registered users.
• The IPO reflects growing momentum in the stablecoin payments sector.
• Recent SEC guidance supports the integration of stablecoins into financial infrastructure.