According to reports, RedotPay, a Hong Kong-based stablecoin payment company, is considering going public in the United States as early as 2026, with plans to raise over US$1 billion at a valuation exceeding US$4 billion. Founded in 2023, RedotPay offers stablecoin-based bank cards, multi-currency wallets, and global payment services, issuing both virtual and physical credit cards. It supports instant conversion of cryptocurrencies such as BTC, ETH, USDT, and USDC, allowing users to make card payments worldwide without pre-converting to fiat currencies. As of November 2025, RedotPay's operations have expanded to over 100 markets globally, with more than 6 million registered users and an annual total payment volume surpassing US$10 billion.
