- RedotPay, a Hong Kong-based stablecoin payments firm, is planning a $1 billion U.S. IPO that could value the company at up to $4 billion, according to a Bloomberg report.
- The company’s user base grew to over 6 million globally in 2025, with payment volume tripling during that year following a $107 million Series B fundraising round.
- Banking giant Standard Chartered projects the total stablecoin market value will surge from around $309 billion to $2 trillion by 2028.
RedotPay, a Hong Kong-based stablecoin payment company, is reportedly planning a $1 billion initial public offering in the United States, potentially seeking a valuation of up to $4 billion. This move capitalizes on improving regulatory clarity and broader stablecoin adoption expected in the coming years.
The company’s rapid growth is underscored by its user base surpassing 6 million across 100 countries. It raised $107 million in a December Series B round, backed by Circle (CRCL), Pantera Capital, and Blockchain Capital, achieving unicorn status. Consequently, payment volume on its platform tripled in 2025 alone.
Meanwhile, major regulatory developments like the passed GENIUS Act and the pending CLARITY bill are shaping the stablecoin landscape. Consequently, Standard Chartered expects the stablecoin market value to balloon to $2 trillion by 2028, as per DefiLlama data.
However, broader cryptocurrency markets have recently faced significant pressure, with Bitcoin trading around $63,100. The overall crypto market cap fell 3% over 24 hours to $2.25 trillion, weighed down by regulatory uncertainty and geopolitical tensions.
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