{"id":49221,"date":"2025-09-25T18:08:23","date_gmt":"2025-09-25T11:08:23","guid":{"rendered":"https:\/\/hbbgroup.net\/stablecoin-startup-redotpay-attains-unicorn-status-with-47m-raise-for-regulatory-push\/"},"modified":"2025-09-25T18:08:23","modified_gmt":"2025-09-25T11:08:23","slug":"stablecoin-startup-redotpay-attains-unicorn-status-with-47m-raise-for-regulatory-push","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/stablecoin-startup-redotpay-attains-unicorn-status-with-47m-raise-for-regulatory-push\/","title":{"rendered":"Stablecoin Startup RedotPay Attains Unicorn Status With $47M Raise for Regulatory Push"},"content":{"rendered":"
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The Hong Kong company is scaling stablecoin-powered cards, wallets and payout services with backing from Coinbase Ventures, Galaxy and Vertex.<\/h2>\n

Sep 25, 2025, 9:27\u202fa.m. <\/span><\/p>\n<\/div>\n

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RedotPay, a Hong Kong-based payments fintech, said it raised $47 million in strategic investment, bringing in Coinbase Ventures as a new backer in a round that lifted its valuation above $1 billion, giving it so-called unicorn status.<\/p>\n

The round included contributions from existing investors Galaxy Ventures and Vertex Ventures, the company said in a Thursday email.<\/p>\n

RedotPay aims to blend blockchain speed and efficiency with traditional payment networks. Founded in 2023, the company has more than 5 million users across over 100 markets and processes an annualized $10 billion through stablecoin-powered cards, multicurrency wallets and global payout services. <\/p>\n

The new money will accelerate growth, compliance and integration with the broader blockchain ecosystem, CEO Michael Gao said in the emailed announcement.<\/p>\n

RedotPay\u2019s Global Payout feature allows users to send stablecoins directly to local bank accounts or e-wallets, an offering that has seen strong adoption in emerging markets like Latin America, the company said. <\/p>\n

The company’s ascension to unicorn status comes at a time when competition among stablecoin issuers and payment rails is intensifying<\/a>, in part due to stablecoin regulations being introduced<\/a> in some of the world’s foremost jurisdictions. <\/p>\n<\/div>\n

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AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <\/span>our standards<\/a>. For more information, see <\/span>CoinDesk’s full AI Policy<\/a>.<\/p>\n<\/div>\n

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