RedotPay stablecoin payments firm said to consider $1 billion IPO in New York: Bloomberg

CoinDesk

by Omkar Godbole

February 24, 2026

AI-Generated Deep Dive Summary

Hong Kong-based stablecoin payments firm RedotPay is reportedly planning a $1 billion initial public offering (IPO) in New York, which could value the company at over $4 billion. According to Bloomberg, the startup has already secured major investment banks JPMorgan, Goldman Sachs, and Jefferies to advise on the potential listing, which could take place as early as this year. This move comes after RedotPay raised $194 million in 2025, including a Series B round led by Accel in December, and now boasts over 6 million registered users. RedotPay's unicorn status was confirmed in September last year, marking its rapid growth in the crypto space. The company is leveraging stablecoins—digital tokens pegged to traditional currencies like the U.S. dollar—to facilitate payments and cross-border capital movement. This technology has gained traction globally, with Hong Kong recently signaling support for licensed stablecoin issuers, poised to issue its first approvals next month. The IPO would position RedotPay as a leader in Asia's stablecoin market, potentially rivaling other notable players like Tether and Circle. If successful, the listing would underscore the growing legitimacy of crypto-related businesses and highlight the increasing interest from major financial institutions in the cryptocurrency sector. The move also reflects the broader shift toward tokenizing fiat currencies, which offers efficient alternatives for transactions and capital flows. RedotPay's decision to pursue a U.S. IPO despite its Hong Kong headquarters underscores the global appeal of stablecoins and the opportunities they present for innovation and investment. As the crypto market continues to evolve, such high-profile moves by established players like RedotPay are likely to attract significant attention from both investors and regulators alike.

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Originally published on CoinDesk on 2/24/2026