Hong Kong Stablecoin Firm Moves Toward $1B U.S. Listing

Hong Kong-based stablecoin payments firm RedotPay is considering a U.S. initial public offering that could value the company at roughly $1 billion. RedotPay is working with JPMorgan Chase, Goldman Sachs Group, and Jefferies Financial Group on a potential listing.

While no formal filing has been made public, the move would represent one of the more significant public market entries from a stablecoin-focused infrastructure company. If pursued, the IPO would mark a notable moment for stablecoin-based financial infrastructure. Bringing a payments-focused crypto firm into traditional U.S. capital markets.

RedotPay’s Business Model in Stablecoin Payments

RedotPay operates in the stablecoin payments sector, focusing on enabling digital asset transactions in everyday financial activity. Unlike trading platforms or token issuers, the company’s model centers on payment rails and settlement infrastructure powered by stablecoins.

Stablecoins have been used for cross-border transfers, merchant payments, and digital wallet integrations due to their ability to move value quickly while maintaining price stability relative to fiat currencies. Firms like RedotPay aim to position themselves between crypto-native liquidity and traditional financial systems. Offering compliance-aligned payment tools that can integrate with existing financial infrastructure.

Therefore, the reported IPO consideration suggests RedotPay is seeking capital to scale operations, expand regulatory readiness, and compete in a growing global payments environment. Also, public market access would subject the company to enhanced disclosure standards. Potentially increasing institutional confidence in its operating model.

What it Would Signal for Stablecoin Infrastructure

A U.S. IPO at a valuation near $1 billion would underscore how stablecoin infrastructure is evolving beyond niche crypto services. Over the past two years, regulatory clarity discussions around payment stablecoins have intensified in the United States and Asia, while traditional banks and asset managers have shown increased engagement with blockchain-based settlement mechanisms.

Bringing a stablecoin payments company to public markets could signal that investors are beginning to treat digital dollar rails as legit financial infrastructure. Moreover, it would test market appetite for companies whose revenue is tied to transaction throughput and compliance execution rather than token issuance.

While no formal registration statement has been filed and plans could change, the exploration of a U.S. IPO reflects how stablecoin-based payment systems are slowly intersecting with traditional capital markets.

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