Hong Kong-based stablecoin payments firm RedotPay is reportedly preparing for a potential U.S. initial public offering that could raise more than $1 billion. Sources suggest the listing may value the company at over $4 billion.
RedotPay is reportedly working with JPMorgan Chase, Goldman Sachs, and Jefferies on a possible New York offering, with the IPO potentially occurring as early as this year. The company, which launched in April 2023, provides payment cards linked to stablecoin balances, multi-currency digital wallets, and cross-border payout solutions. It currently serves 6 million users and handles $10 billion in annualized payment volume.
The company saw significant fundraising momentum in 2025, raising $194 million across three rounds. This growth and potential IPO reflect a broader trend of strong investor demand for stablecoin infrastructure and related fintech innovations.
Other stablecoin sector companies have also seen substantial investment, with firms like M0, Rain, and Coinflow securing significant funding rounds. This heightened capital flow underscores the increasing view of stablecoins as a foundational element for digital finance.