Market news: Hong Kong stablecoin payment company RedotPay is considering an IPO in the U.S., expected to reach $1 billion

According to market news, Hong Kong stablecoin payment fintech company RedotPay is considering an IPO in the U.S., expected to reach $1 billion.

According to the crypto data platform RootData, RedotPay previously completed a $107 million Series B financing, led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures, among others. Existing investors include HSG (formerly Sequoia Capital China). RedotPay provides global payment services using stablecoins and has stated that it currently has over 6 million registered users across more than 100 markets worldwide.