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Hong Kong-based stablecoin payment company RedotPay considers going public in the U.S., with an estimated scale of $1 billion.
ChainCatcher reports that, according to market sources, Hong Kong-based stablecoin payment fintech company RedotPay is considering an IPO in the United States, with an estimated scale of $1 billion.
According to crypto data platform RootData, RedotPay previously completed a $107 million Series B funding round, led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, and Circle Ventures. Current investors include HSG (formerly Sequoia China). RedotPay uses stablecoins to provide global payment services and has stated that it currently has over 6 million registered users across more than 100 markets worldwide.