Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Hong Kong-based stablecoin payments company RedotPay is considering confidentially filing for a U.S. initial public offering by year-end, Bloomberg reported. The company is targeting a $5 billion valuation and is also discussing raising pre-IPO funding.
Founded in 2023, RedotPay offers physical and virtual cards that let crypto holders use their assets for everyday payments. Its business centers on fiat-pegged stablecoins such as the U.S. dollar, with more than 9 million customers and revenue exceeding $180 million. Last year, it raised $194 million, including in a Series B round, with venture arms of Coinbase (COIN) and Circle (CRCL) participating as investors.