RedotPay Eyes $1 Billion US IPO with Major Banking Backing

Hong Kong-based RedotPay is gearing up to list on the US stock market with a potential $1 billion initial public offering (IPO). The stablecoin payments company has tapped major banks JPMorgan, Goldman Sachs, and Jefferies for the listing, which could value it at over $4 billion. RedotPay's IPO would be one of the largest from Asia's stablecoin sector if successful.

RedotPay became a unicorn in 2024 with more than 6 million registered users and has backing from major crypto investors such as Accel, Pantera Capital, and Blockchain Capital. The company raised $194 million in 2025 and is now preparing to go public in the US.