Hong Kong stablecoin payment company RedotPay plans to raise over $1 billion through a US IPO.

Techub News, according to Bloomberg, Hong Kong stablecoin payment company RedotPay is considering an initial public offering (IPO) in the United States, aiming to raise over $1 billion. The company has partnered with JPMorgan, Goldman Sachs, and Jefferies to advance the listing process, potentially debuting in New York as early as this year, with a target valuation exceeding $4 billion. The relevant plans are still under discussion, and details such as the fundraising scale and valuation may be subject to adjustment.