RedotPay has partnered with Gelephu Mindfulness City to expand stablecoin payments in Bhutan’s digital asset sector. The company will form a local entity inside GMC’s Special Administrative Region and place operations under the city’s regulatory framework and direct oversight locally.
As per the report, the blockchain payments firm will also build a permanent operational team inside GMC. The structure is meant to align RedotPay with the city’s compliance, monitoring, and financial governance standards.
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RedotPay Targets Transparent Stablecoin Payments Flows
The company said the move reflects a compliance-first model. It also indicated that the local presence will lead to less dependence on the offshore or cross-border licensing structures that currently are utilized in several areas of the cryptocurrency sector.
Michael Gao, CEO and Co-Founder of RedotPay, said the Gelephu presence shows the company’s compliance-first approach. RedotPay is moving its services directly into the hands of GMC’s regulation,” he added.
The local setup aims to enhance transparency on stablecoin payments and associated financial flows. RedotPay will also enable enhanced anti-money laundering and counter-terrorist financing protection, the company said.
RedotPay claims to handle over $11 billion in payment volume per year. The firm also claimed it has operations in over 100 markets worldwide.
GMC Partnership Builds Stablecoin Payments Rails
The GMC partnership will concentrate on growing stablecoin payments infrastructure and blockchain-based payment rails. It will also facilitate compliance coordination and local operational oversight and enable integration with Bhutan’s broader digital finance ecosystem.
The deal is part of the city’s overall digital asset strategy, GMC officials said. They said the emphasis is shifting from purely blockchain infrastructure to regulated financial applications and real-world use.
Jigdrel Singay, Board Director of Gelephu Mindfulness City, said that there must be real use for an ecosystem to mature. “Digital assets should be applied in everyday financial environments, not just in technical systems,” he added.
RedotPay Expands Cross-Border Payment Push
RedotPay unveiled its launch of Ripple Payments for remittances and conversions in the Nigerian naira at the end of 2025. According to the company, the integration is geared towards optimizing settlement efficiency in African payment corridors.
RedotPay also reported that the Ripple Payments integration was designed to minimize friction in transactions. It was created to make the cross-border payment rails more accessible with the help of blockchain technology.
The partnership follows GMC’s efforts to attract crypto companies, fintech firms, and tokenized finance infrastructure providers. Earlier this month, GMC launched a fast-track licensing and banking framework for crypto firms licensed in major financial jurisdictions.
Under the agreement, RedotPay will help Bhutan’s digital finance aspirations that have been regulated. The project also introduces a local oversight model over the payments via stablecoins rather than a distant licensing model.
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