Hong Kong-based stablecoin payments firm RedotPay is reportedly considering a US initial public offering (IPO) that could raise more than $1 billion and value the company at over $4 billion.
The company is working with JPMorgan Chase, Goldman Sachs, and Jefferies on a potential New York listing, which could occur as early as this year. Terms remain under review and could change, with additional banks potentially joining the underwriting group.
Founded in April 2023, RedotPay offers stablecoin-linked payment cards, multicurrency wallets, and international payout services. The firm reports 6 million users and handles approximately $10 billion in annualized payment volume.
This potential IPO follows a significant fundraising year for RedotPay in 2025, where it secured a total of $194 million across three rounds. Notable investments include a $40 million Series A, a $47 million strategic investment round that led to unicorn status, and a $107 million Series B.
The stablecoin sector continues to attract substantial investment, with various firms drawing significant venture capital for payment and infrastructure solutions.