Sources: Hong Kong-based stablecoin payments startup RedotPay plans a US IPO filing by year-end and is in talks for a pre-IPO round at a $4B to $5B valuation

If you use stablecoins for everyday purchases, expect more payment options to emerge as RedotPay prepares for a US IPO.

Hong Kong-based stablecoin payments startup RedotPay is reportedly planning to file for a confidential initial public offering in the United States by the end of the year. The company is also in discussions with investors for a pre-IPO funding round, aiming for a valuation between $4 billion and $5 billion. RedotPay, which offers physical and virtual cards for cryptocurrency transactions, has amassed over 9 million customers and 280 employees globally since its launch in 2023. Its annualized run-rate revenue has surpassed $180 million, with a more than 50% increase in revenue for the first three quarters of 2026 compared to the previous year and an operating profit margin exceeding 50%. The company's services focus on enabling users to spend digital assets, particularly stablecoins, for everyday purchases.

RedotPay's potential US IPO and pre-IPO funding round signal a growing investor appetite for companies bridging the gap between digital assets and traditional finance. The startup's focus on stablecoin payments for real-world transactions, coupled with substantial customer growth and strong revenue figures, suggests a viable market for everyday cryptocurrency use. This move could encourage further innovation in the fintech and crypto sectors, potentially leading to more accessible and integrated digital asset payment solutions for consumers.

The company's success with over 9 million customers and rapidly increasing revenue highlights the demand for practical cryptocurrency applications beyond speculation. RedotPay's strategy of offering physical and virtual cards for spending stablecoins addresses key consumer barriers like acceptance and usability. As RedotPay navigates the IPO process, its performance will be closely watched as an indicator of the broader market's readiness for mainstream crypto adoption and the potential for other similar ventures to emerge or seek public markets.