RedotPay Raises $47M to Become Stablecoin Payments Unicorn
RedotPay raised $47M in a Series A led by Coinbase Ventures. Galaxy Ventures, Vertex Ventures and an undisclosed tech entrepreneur also joined. This brings its valuation above $1B and total funding to $90M. Founded in April 2023, RedotPay is a Hong Kong-based stablecoin payment platform. It offers payment cards, multi-currency wallets and the Global Payout service. Launched in June 2025, Global Payout enables direct crypto-to-bank and e-wallet transfers. The platform serves 5M users across 100 markets, processing $10B in annualized volume. RedotPay holds licenses in Hong Kong, Europe and Argentina, and is seeking more approvals. The new capital will accelerate RedotPay’s growth, strengthen regulatory compliance and enhance blockchain integration. This move highlights rising competition and regulatory focus in the stablecoin payment sector.
Neutral
RedotPay’s funding round and unicorn status signal strong investor confidence in stablecoin payment platforms. The capital injection and regulatory compliance efforts may benefit overall sector sentiment. However, as RedotPay does not issue a native trading token, there is no direct impact on any specific cryptocurrency’s price. Traders should view this as a positive sector development but expect limited short-term price movement for stablecoins or related tokens.