RedotPay Aims for $1 Billion US Listing with $4 Billion Valuation

RedotPay, a Hong Kong-based stablecoin payments firm, is reportedly preparing for a potential US initial public offering (IPO) that could raise more than $1 billion. According to sources familiar with the matter, the listing could value the company at over $4 billion.

The IPO would be one of the most significant listings in the blockchain and cryptocurrency space this year. RedotPay has been growing rapidly since its launch in April 2023, establishing itself as a major player in the stablecoin-linked payments space.

As a payment card provider linked to stablecoin balances, digital wallet issuer, and cross-border payout solution, RedotPay is well-positioned to capture market share. The company currently supports 6 million users and handles $10 billion in annualized payment volume.