On Tuesday, Feb. 24, RedotPay is advancing plans for a U.S. stock market listing that could raise more than $1 billion, according to sources reported by Bloomberg. The sources claim that the company is looking to raise the funds at a valuation of more than $4 billion.
However, the sources also claim that the situation is dynamic and that the final structure will depend on the outcome of the talks with the banks. The final structure will involve a New York listing. RedotPay is working with JPMorgan Chase, Goldman Sachs, and Jefferies to make the potential listing.
However, other banks may also be included later, according to a source familiar with the matter. The company has not made any comments regarding the talks.
RedotPay’s Business Growth and Expanding User Base
RedotPay was founded in April 2023 and provides stablecoin-based payment cards, multicurrency wallets, and global payout solutions.
The company also claims that it currently has 6 million customers. It also stated that the payment volume processed annually by the supported markets is close to $10 billion.
RedotPay received $194 million in 2025 from different funding rounds. In March 2025, the company received $40 million in a Series A round from Lightspeed. HSG and Galaxy Ventures were other participants. The funds will be used to grow products and scale the business.
RedotPay achieved unicorn status in September 2025 after raising $47 million in a strategic round. The round saw Coinbase Ventures, Galaxy Ventures, and Vertex Ventures among the backers.
Also Read: XRP Ledger (XRPL) 3.1.1 Triggers Critical Devnet Reset
Strong Capital Inflows Across Stablecoin Startups
RedotPay closed a $107 million Series B round in December 2025. The round had Goodwater Capital as the leading investor. Pantera Capital, Blockchain Capital, and Circle Ventures were other participants.
Stablecoin-focused businesses continue to attract investments in 2025. M0, a stablecoin-focused Swiss startup, received $40 million in a Series B round from Polychain Capital and Ribbit Capital. Rain, a U.S. startup, received $58 million to develop stablecoin tools for banks.
In 2025, the crypto sector saw an unprecedented wave of public listings from companies such as Bullish, Circle, eToro, Figure, and Gemini. Established firms, including Grayscale Investments and Kraken, also submitted IPO filings. According to a PitchBook report, the market’s total value surged by nearly $20 billion.
Source: PitchBook
Coinflow, a Chicago-based payments startup, received $25 million in a Series A round from Pantera Capital. The startup will use the funds to develop cross-border payment products.
In a later round of 2025, CMT Digital launched a $136 million fund focused on stablecoin projects. The fund will be backing stablecoin projects such as Coinflow and Codex.
Also Read: Stablecoin Rules Could Redefine Coinbase Profit, COIN Stock
