Stablecoin payment giant RedotPay rushes US IPO: plans to raise $1 billion, valuation may exceed $4 billion

On February 24, according to sources close to the deal, Hong Kong-based stablecoin payment company RedotPay is evaluating an initial public offering (IPO) in the United States, with plans to raise over $1 billion and potentially list in New York as early as 2026. If successful, the company’s valuation could surpass $4 billion, indicating growing investor interest in stablecoin payment infrastructure.

Sources say RedotPay has partnered with JPMorgan Chase, Goldman Sachs, and Jefferies to discuss key details such as the listing structure, fundraising scale, and valuation range. These discussions are currently confidential, and the final timetable and underwriters may still change, with more investment banks possibly involved in the future.

In terms of business focus, RedotPay specializes in stablecoin payment solutions and cross-border digital payment services, benefiting from increasing global demand for stablecoin settlements and accelerated compliance trends. As institutional demand for stablecoin clearing, on-chain payments, and Web3 financial infrastructure rises, stablecoin payment platforms are becoming key gateways to the digital financial ecosystem.

On the fundraising front, the company has raised approximately $194 million by 2025 and officially entered the unicorn club after completing Series B funding in December. Investors include well-known firms such as Accel, Blockchain Capital, and Pantera Capital. As of November 2025, RedotPay has over 6 million registered users, demonstrating ongoing growth in stablecoin payment adoption.

Against the backdrop of clearer regulatory environments and increased institutional focus on digital asset payments, IPOs of stablecoin payment companies, compliant crypto payment listings, and cross-border stablecoin clearing business models are becoming key areas of attention in the capital markets. If RedotPay successfully enters the U.S. capital markets, it could further strengthen valuation logic in the stablecoin payment sector and push the global digital payment infrastructure into a new phase.