Redotpay Plots US Listing Amid Stablecoin Surge

(MENAFN- The Arabian Post)

Stablecoin payments firm RedotPay is weighing a public listing in the United States that could raise as much as $1 billion, signalling growing investor appetite for crypto-linked financial infrastructure as digital dollar transactions gain traction across retail and cross-border commerce.

People familiar with the matter indicate the company has begun exploratory discussions with advisers about a potential initial public offering, though timing and valuation remain subject to market conditions. The deliberations come as stablecoins, digital tokens pegged to fiat currencies such as the US dollar, cement their role as a settlement layer for crypto trading, remittances and merchant payments.

RedotPay, founded in 2021, has positioned itself as a bridge between decentralised finance and conventional payment rails. The company says it serves more than 6 million users across over 100 markets, offering digital asset wallets and payment cards that enable customers to spend stablecoins at merchants accepting major card networks. Its platform converts stablecoin balances into fiat at the point of sale, allowing users to transact without directly handling volatile cryptocurrencies.

A potential US listing would mark one of the larger public market debuts tied directly to stablecoin-driven payments, underscoring how digital dollar usage has moved beyond crypto exchanges into mainstream financial services. Industry data compiled by blockchain analytics firms show that annual stablecoin transaction volumes have reached trillions of dollars, rivaling those processed by established card networks in certain segments of cross-border flows.

RedotPay's growth has attracted prominent backers. The company raised $107 million in a Series B funding round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital and Circle Ventures, the investment arm of Circle Internet Financial, issuer of the USDC stablecoin. That funding round valued the firm at a level that placed it among the more highly capitalised crypto payments start-ups, according to people briefed on the transaction at the time.

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The involvement of Circle Ventures is notable given the increasing regulatory scrutiny of stablecoins in the United States and Europe. Lawmakers in Washington have debated frameworks that would require issuers to hold high-quality reserves and comply with bank-like oversight, aiming to reduce systemic risk while encouraging innovation. Market participants say clarity on stablecoin rules could strengthen investor confidence in companies such as RedotPay that rely on tokenised dollars for settlement.

Executives at digital asset firms argue that stablecoins address longstanding frictions in cross-border payments, where correspondent banking networks can involve high fees and multi-day settlement times. By contrast, blockchain-based transfers can be completed within minutes, often at lower cost. RedotPay has sought to capitalise on this by targeting freelancers, online merchants and users in emerging markets who face limited access to traditional banking services.

At the same time, risks remain. Stablecoin markets have faced episodes of stress, including the collapse of algorithmic tokens and temporary de-pegging events that rattled confidence. Regulators have warned that rapid growth without adequate oversight could expose consumers to losses. Any US IPO would require RedotPay to provide detailed disclosures about its business model, compliance procedures and exposure to market volatility, offering investors a clearer picture of how it manages liquidity and counterparty risk.

Broader equity market conditions will also shape the company's decision. Technology listings have shown signs of revival after a subdued period, yet investor sentiment toward crypto-linked ventures can shift quickly with price swings in digital assets such as bitcoin and ether. A successful float could set a benchmark for other stablecoin-focused platforms considering public markets as a source of capital.

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Competition in the sector is intensifying. Payments giants and fintech groups have begun integrating stablecoin capabilities into their networks, exploring tokenised settlement for cross-border transfers and treasury operations. Meanwhile, decentralised finance protocols continue to experiment with on-chain payment solutions that bypass traditional intermediaries altogether.

RedotPay's reported IPO ambitions reflect confidence that demand for digital dollar transactions will persist even as speculative trading cycles ebb and flow. By combining card-based spending with blockchain settlement, the company aims to position itself as infrastructure rather than a trading venue, a distinction that may appeal to institutional investors assessing long-term revenue stability.

Arabian Post – Crypto News Network

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