Stablecoin Payments Firm RedotPay Mulls U.S. IPO Valuing the Company at Over $4 Billion
Hong Kong‑based RedotPay is reportedly exploring a New York listing that could raise more than $1 billion, positioning the firm among the most valuable entrants in the rapidly expanding stablecoin ecosystem.
Overview
According to a Bloomberg report on Tuesday, RedotPay – a fintech startup that builds payment infrastructure around stablecoins – is in talks with JPMorgan Chase, Goldman Sachs and Jefferies about a potential initial public offering in the United States. The proposed offering, which could be launched as early as this year, would target a valuation exceeding $4 billion and could bring in upwards of $1 billion of new capital.
RedotPay declined to comment on the speculation. The terms of the offering are still being negotiated, and additional banks may be added to the underwriting syndicate before a final prospectus is filed.
Business Model and Traction
Founded in April 2023, RedotPay provides a suite of stablecoin‑linked financial products:
- Payment cards that settle transactions directly in stablecoins, offering merchants and consumers price stability and low‑cost cross‑border settlement.
- Multicurrency digital wallets that let users hold, convert and spend a range of stablecoins alongside fiat currencies.
- International payout services designed for businesses needing to remit funds to overseas employees or suppliers.
The company’s website cites roughly 6 million registered users and an annualised payment volume of about $10 billion, indicating a relatively high transaction intensity for a firm that is barely three years old.
Recent Fundraising Track Record
RedotPay’s path to a potential U.S. IPO has been underpinned by a series of sizable private‑equity rounds in 2025, totalling $194 million:
| Funding round | Amount | Lead investors | Notable participants |
|---|---|---|---|
| Series A (Mar) | $40 M | Lightspeed | HSG, Galaxy Ventures |
| Strategic round (Sep) | $47 M | Coinbase Ventures | Galaxy, Vertex Ventures, an undisclosed tech entrepreneur |
| Series B (Dec) | $107 M | Goodwater Capital | Pantera Capital, Blockchain Capital, Circle Ventures, continued support from HSG |
These raises have helped the firm scale its user base, expand product offerings, and build the infrastructure required to support multi‑billion‑dollar payment flows.
Why a U.S. Listing Now?
Several factors are driving the timing of the contemplated IPO:
- Market appetite for crypto‑adjacent fintechs. U.S. investors have shown a willingness to fund companies that sit at the intersection of traditional finance and digital assets, as demonstrated by the robust venture activity in the stablecoin sector throughout 2025.
- Regulatory clarity. The increasing focus of U.S. regulators on stablecoins—particularly efforts to bring them under the same oversight as fiat‑backed money—could give listed firms a clearer compliance roadmap and an edge over competitors that operate in more uncertain jurisdictions.
- Liquidity for shareholders. An IPO would provide an exit avenue for early investors such as Lightspeed, Coinbase Ventures and Goodwater Capital, while also unlocking capital for product development, geographic expansion, and potential acquisitions.
- Brand positioning. Listing on a major U.S. exchange signals maturity and can bolster confidence among merchants, banks and corporate clients seeking stablecoin‑based settlement solutions.
Industry Context
RedotPay’s ambition arrives amid a surge of capital flowing into stablecoin‑focused businesses. In 2025, investors pumped nearly $100 million into startups like Switzerland’s M0 and U.S.‑based Rain, both of which are building infrastructure to enable regulated stablecoin issuance by banks. Later in the year, Chicago‑based Coinflow secured a $25 million Series A, and CMT Digital launched a $136 million fund with allocations earmarked for stablecoin ventures.
The overall stablecoin market cap has climbed past $300 billion, according to data from DeFiLlama, underscoring the growing demand for price‑stable digital assets in both retail and institutional contexts.
Key Takeaways
- Valuation potential: If the IPO proceeds at the projected $4 billion valuation, RedotPay would join a select group of crypto‑adjacent fintechs that have achieved “unicorn” status within a few years of inception.
- Capital raise size: Raising more than $1 billion would provide the firm with ample runway to deepen product development, expand into new markets, and possibly pursue strategic acquisitions.
- Underwriters: The involvement of JPMorgan Chase, Goldman Sachs and Jefferies signals confidence from major Wall Street players in the viability of a stablecoin‑based payments platform.
- Regulatory lens: Listing in the U.S. could help RedotPay navigate the evolving regulatory landscape for stablecoins, offering a more predictable compliance environment than some overseas jurisdictions.
- Sector momentum: The IPO fits within a broader trend of escalating investment in stablecoin infrastructure, suggesting that the market sees long‑term utility for these assets beyond speculative trading.
Outlook
RedotPay’s potential U.S. IPO could serve as a bellwether for how the broader stablecoin ecosystem matures in a regulated environment. While the exact timeline and pricing remain fluid, the company’s rapid growth, strong user metrics and deepening institutional backing position it well to capitalize on the expanding demand for stablecoin‑based payment solutions. Stakeholders will be watching closely for the final prospectus filing and the market’s response once the offering goes live.
Source: https://cointelegraph.com/news/redotpay-eyes-us-ipo-1b-4b-valuation?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
