Hong Kong-based stablecoin payments company RedotPay is considering a confidential filing for a US initial public offering by the end of 2026. The company is also discussing a pre-IPO funding round that could value it at between $4 billion and $5 billion. RedotPay claims it has more than 8 million users, while Paymentscan data shows $410.5 million in 30-day stablecoin card transaction volume. JPMorgan Chase, Goldman Sachs and Jefferies are reportedly working on the offering, which could raise more than $1 billion, according to Bloomberg. RedotPay previously disputed reports that it had delayed its US listing plans amid regulatory hurdles and a legal dispute involving Binance.
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