Hong Kong-based stablecoin payments company RedDotPay is in talks to raise as much as $150 million in new funding, The Block reported on Tuesday, citing Bloomberg News.
RedDotPay is expected to be valued at more than $4 billion in the funding round. The fundraising talks come just months after RedDotPay gained unicorn status by raising a total of $194 million in two funding rounds in September and December 2025.
Coinbase Ventures, Circle Ventures and Blockchain Capital took part in the investment at the time. RedDotPay also plans to pursue a U.S. initial public offering this year.
RedDotPay said it is not under immediate funding pressure in connection with additional fundraising. The company said its cash flow and liquidity are sound. A company spokesperson said, "We remain open to investors who can bring strategic value whenever we receive investment inquiries in the market."
RedDotPay provides a service that allows users to pay in stablecoins through existing payment networks. As of December 2025, its annualised total payment volume (TPV) exceeded $100, and annual TPV grew 300 percent from a year earlier.
Chi-gyu Hwang
delight@d-today.co.kr