Summary
- Hong Kong-based stablecoin payments fintech RedotPay is said to be weighing a US initial public offering (IPO).
- RedotPay’s potential US IPO could raise as much as $1 billion.
- RedotPay provides global payment services using stablecoins and said it has secured more than 6 million registered users in more than 100 markets worldwide.
Hong Kong-based stablecoin payments fintech RedotPay is said to be considering a listing on US stock markets.
According to crypto-specialist media outlet The Block Beats on the 24th, citing people familiar with the matter, RedotPay is weighing a US initial public offering (IPO), with the expected offering size potentially reaching up to $1 billion.
Earlier, RedotPay raised $107 million in a Series B round. Goodwater Capital participated as the lead investor, with Pantera Capital, Blockchain Capital, Circle Ventures and others also taking part. Existing investors are said to include HSG (formerly Sequoia Capital China).
Meanwhile, RedotPay provides global payment services using stablecoins. The company has previously said it has secured more than 6 million registered users across more than 100 markets worldwide.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
