News Heat Trend
Project Overview
RedotPay is a stablecoin-based payment technology company that integrates blockchain solutions with traditional banking and financial infrastructure to provide financial inclusion for the unbanked. RedotPay enables users to send and receive funds globally through secure and reliable stablecoin payment channels.
Stablecoin payment company RedotPay completes financial audit, continues to advance US IPO plan
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
RedotPay Completes Pre-IPO Financial Audit, Targets Valuation Above $5 Billion
Odaily News: Stablecoin payment company RedotPay has completed a financial audit as part of its preparations for an initial public offering (IPO). A U.S. listing requires the submission of audited financial statements.A RedotPay spokesperson stated that the company's IPO plans have not been delayed, and that previous claims suggesting legal and regulatory issues could push the listing to 2027 or later are inconsistent with this. A person familiar with the matter said the company is targeting a valuation of over $5 billion. (CoinDesk)
Stablecoin payment company RedotPay completes financial audit, continues to advance US IPO plan
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
RedotPay Completes Pre-IPO Financial Audit, Targets Valuation Above $5 Billion
Odaily News: Stablecoin payment company RedotPay has completed a financial audit as part of its preparations for an initial public offering (IPO). A U.S. listing requires the submission of audited financial statements.A RedotPay spokesperson stated that the company's IPO plans have not been delayed, and that previous claims suggesting legal and regulatory issues could push the listing to 2027 or later are inconsistent with this. A person familiar with the matter said the company is targeting a valuation of over $5 billion. (CoinDesk)
RedotPay Postpones US IPO Plans, Regulatory Approval and Legal Issues Pending
According to Bloomberg, stablecoin payment company RedotPay has postponed its plans to list in the US. Sources familiar with the matter revealed that the company previously planned to complete its IPO as early as this year, but the listing timeline may now be delayed until next year or even later. RedotPay needs to obtain regulatory approval from the countries where it operates before proceeding with the IPO, and the company also faces related legal issues that remain to be addressed.
Stablecoin payment company RedotPay completes financial audit, continues to advance US IPO plan
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
Hong Kong Crypto Payment Company Adds Support for Sui and Native USDC
Odaily News: Hong Kong-based crypto payment company RedotPay announced the addition of support for SUI and USDC-Sui within its application. Users can now spend and transfer funds in over 100 countries globally using its card and payment services. This integration, built on the Sui network developed by Mysten Labs, enables support for native USDC, marking an expansion from cross-chain assets to native assets.RedotPay stated that it currently has over 7 million users, with an annualized payment volume exceeding $10 billion. (TechinAsia)
Related news
Monthly Volume Exceeds Full-Year 2024, September Stablecoin Payment Card Spending Reaches $1.231 Billion, RedotPay Share Drops to 33%
in September 2026, global stablecoin payment card spending reached approximately $1.231 billion, with single-month volume surpassing the full-year 2024 level, and cumulative third-quarter spending of about $3.394 billion. RedotPay's spending for the month was approximately $403 million, with its market share dropping from an early ~85% to about 33%. Stablecoin payment card transactions remain highly dependent on traditional card networks, with Visa processing the vast majority of transactions.
Stablecoin payment company RedotPay completes financial audit, continues to advance US IPO plan
According to CoinDesk, Hong Kong-based stablecoin payment company RedotPay announced on Monday that it has completed its financial audit and anti-money laundering and counter-terrorist financing compliance review, both conducted by Big Four accounting firms, as a necessary preparatory step for applying to launch an initial public offering (IPO) in the United States.
RedotPay Completes Pre-IPO Financial Audit, Targets Valuation Above $5 Billion
Odaily News: Stablecoin payment company RedotPay has completed a financial audit as part of its preparations for an initial public offering (IPO). A U.S. listing requires the submission of audited financial statements.A RedotPay spokesperson stated that the company's IPO plans have not been delayed, and that previous claims suggesting legal and regulatory issues could push the listing to 2027 or later are inconsistent with this. A person familiar with the matter said the company is targeting a valuation of over $5 billion. (CoinDesk)
RedotPay Postpones US IPO Plans, Regulatory Approval and Legal Issues Pending
According to Bloomberg, stablecoin payment company RedotPay has postponed its plans to list in the US. Sources familiar with the matter revealed that the company previously planned to complete its IPO as early as this year, but the listing timeline may now be delayed until next year or even later. RedotPay needs to obtain regulatory approval from the countries where it operates before proceeding with the IPO, and the company also faces related legal issues that remain to be addressed.
Binance denies plans to withdraw Singapore lawsuit against RedotPay
According to Cointelegraph, Binance and RedotPay disagree on the status of the Singapore case concerning a $473 million legal dispute. RedotPay stated it expects Binance to terminate the case; Binance claims its relevant claims remain valid, and another case between the two parties in Hong Kong is still ongoing.
Binance-Affiliated Entity Sues RedotPay, Claiming $472.8 Million
According to Bloomberg, Binance-affiliated entities Nest Trading, DistributedTechnologies, and Chaintecs Consulting Singapore have sued relevant persons in charge of RedotPay in Hong Kong, alleging breach of agreement for diverting more than 470,000 users from Binance Card to RedotPay, and seeking $472.8 million in damages.