RedotPay raises $107M Series B led by Goodwater to scale stablecoin payments
RedotPay, a Hong Kong–founded stablecoin payments provider, raised $107 million in a Series B round led by Goodwater Capital, bringing its 2025 funding total to about $194 million. Other participants include Pantera Capital, Blockchain Capital, Circle Ventures and returning backers such as HSG. The company offers stablecoin-powered products — a digital-asset spending card, cross-border stablecoin payout rails, multicurrency accounts and a P2P marketplace — and reports more than 6 million registered users across 100+ markets, over $10 billion in annualized payment volume and roughly $150 million+ in annualized revenue. Proceeds will be used for acquisitions, licensing, expanded compliance, and hiring across engineering and product teams as RedotPay pushes into new markets. The raise follows prior 2023 and September 2025 rounds (the latter valued the firm above $1 billion) and comes amid growing investor interest in stablecoin infrastructure and a rising stablecoin market cap driven by regulatory clarity and sector-specific deals. For traders: the round signals continued institutional support for stablecoin payments infrastructure and may boost merchant and institutional adoption of stablecoin rails, which could support stablecoin utility and on‑chain volumes rather than directly moving major token prices.
Neutral
This financing is a positive signal for the stablecoin payments sector and for RedotPay’s growth prospects: institutional capital from prominent investors tends to increase credibility, supports product expansion (cards, payout rails, multicurrency accounts) and can accelerate merchant/institution adoption. That, in turn, should raise stablecoin on‑chain volume and payments utility over time. However, the direct price impact on major cryptocurrencies or stablecoins is likely limited. The raise primarily targets infrastructure, compliance and go‑to‑market expansion rather than token issuance or token buybacks that typically move prices. Short-term market reaction will probably be muted or confined to sentiment-driven flows into stablecoin-related projects and equities of related companies. Over the longer term, wider merchant and institutional adoption of stablecoin rails could be constructive for stablecoin demand and transaction volumes, indirectly supporting stablecoin ecosystem growth but not guaranteeing appreciable price moves in major tokens. Therefore the net expected price impact on the mentioned tokens is neutral.