At the start of 2026, one of the most closely watched developments in global fintech is the US IPO journey of RedotPay, a Hong Kong-based stablecoin payments company. According to Bloomberg and several international media outlets, this three-year-old startup is in advanced talks with top investment banks including JPMorgan, Goldman Sachs, and Jefferies, aiming to go public in New York as early as this year. The company is targeting over $1 billion in fundraising, with a projected valuation of up to $4 billion.
If successful, RedotPay will not only join the ranks of crypto unicorns listed on Nasdaq but will also pose a compelling question to the market: Can a stablecoin payment solution from Hong Kong grow into the next global payments giant—essentially, the "Visa of the crypto world"?
Explosive Growth: From Unicorn to IPO Contender
RedotPay’s confidence in going public is rooted in its impressive performance in 2025. Founded in 2023, the company rapidly met global demand for efficient, low-cost financial services by offering stablecoin-based cards, multi-currency wallets, and cross-border payment solutions.
Data shows that 2025 was a breakout year for RedotPay. The company raised a total of $194 million throughout the year, attracting a star-studded lineup of investors including Accel, Blockchain Capital, Pantera Capital, and Vertex Ventures under Singapore’s Temasek Holdings. Notably, a $107 million Series B round led by Goodwater Capital in December 2025 officially propelled RedotPay into unicorn status.
In terms of business scale, RedotPay is already demonstrating its potential to become the "crypto Visa." By the end of 2025, it had surpassed 6 million registered users, expanded its services to over 100 countries and regions worldwide, processed more than $1 billion in annualized transaction volume, and achieved $150 million in annual revenue with sustained profitability. These figures not only validate its business model but also showcase to traditional capital markets the immense potential of the stablecoin payments sector.
Going Public in the US: Embracing the Mainstream, Connecting Globally
Why did RedotPay choose to go public in the US rather than stay rooted in Hong Kong? The answer lies in a well-considered strategic decision.
First, the US capital markets offer the world’s deepest liquidity and the broadest base of institutional investors. With the Trump administration signaling potentially favorable crypto policies and the advancement of the US CLARITY Act, the regulatory pathway for digital asset companies to go public is becoming increasingly clear. Following stablecoin issuer Circle’s IPO in 2025 and crypto infrastructure firm BitGo’s listing in early 2026, the market is entering a new window for crypto companies to go public.
For RedotPay, listing in the US isn’t just about raising $1 billion. It’s also about aligning its brand with international standards and increasing visibility among global investors and partners. This step is essential for its transition from a leading Asian fintech firm to a global payments infrastructure provider.
Decoding the Vision: How to Become the "Visa of the Crypto World"?
"Becoming the Visa of the crypto world" is far more than a catchy slogan. It means RedotPay aims to build a value exchange network powered by blockchain technology and centered on stablecoins. Compared to traditional payments giant Visa, RedotPay’s ambitions focus on three key areas of innovation:
- Redefining Cross-Border Payments: Traditional cross-border payments rely on correspondent banking networks, which are costly, slow, and lack transparency. RedotPay leverages the instant settlement features of stablecoins like USDT and USDC, enabling near-instant on-chain fund transfers and dramatically reducing remittance fees. This is the core driver behind its rapid growth to over $1 billion in annualized transaction volume.
- Bridging the Physical and Digital Worlds: RedotPay isn’t limited to on-chain transactions. By issuing both physical and virtual cards in partnership with Visa or UnionPay, it builds a bridge between crypto and real-world spending. Users can spend BTC, ETH, or USDT at over 80 million merchants worldwide without needing to pre-convert to fiat on an exchange. This seamless conversion experience is key to mass adoption of stablecoin payments.
- Programmable Payments and the Future Economy: With the rise of AI and the machine economy, payment agents are shifting from humans to AI agents. The traditional financial system cannot meet the millisecond-level, high-frequency micropayment needs of AI agents. RedotPay’s on-chain payment infrastructure is inherently suited for this scenario. Looking ahead, when AI agents need to purchase data bandwidth or access computing power, RedotPay’s stablecoin payment network could become a core settlement layer.
Conclusion
Looking back from February 2026, the paradigm shift in the payments industry is now irreversible. If RedotPay succeeds in going public in the US at a $4 billion valuation, it will not only mark a capital markets milestone but also signal the transition of stablecoin payments from a niche for tech enthusiasts to a pillar of mainstream finance.
Of course, the road to becoming the "Visa of the crypto world" is far from smooth. Shifting regulatory policies, competition with traditional banking networks, and pressure from rivals like Circle are real challenges that RedotPay must face. Still, judging by its bold IPO ambitions, RedotPay is ready to show the world that the money of the future can be not just digital, but also globally and instantly accessible.
