Paymentscan data showed RedotPay ranked first among 30 tracked stablecoin payment card programs in October 2026, generating $410.5 million in monthly spending volume.

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World Liberty Financial and BitGo collaborated to freeze $27 million in USD1 stablecoins and $2 million in WLFI tokens tied to the Binance hack

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Robinhood integrated TJAR as its launch partner to convert trading fees collected via the Uniswap API into USDC and USDG stablecoins

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Peer announced a beta service allowing users to buy and sell USDC with Chinese yuan payments settled through Alipay

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Conduit sued Tether in the US District Court for the Southern District of New York, alleging Tether froze $2.76 million of its USDT and has refused to release it or explain the freeze

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Sen. Richard Blumenthal sent Cantor Fitzgerald a 13-item request for records on its Tether business arrangement

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Tether blacklisted USDT wallets linked to CoinDCX outflows, freezing about $2.2 million, after CoinDCX acknowledged losses from a failed process for securing deposits to retired addresses

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Tether signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to prepare a pilot proposal for a tenge-pegged stablecoin and an asset tokenization framework

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Chainalysis released a report on North America's crypto economy, which finds that tokenization and AI-driven commerce are fueling U.S. crypto usage

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Tether CEO Paolo Ardoino said the company had frozen more than $1.567 billion in USDT linked to the suspected hack of Binance's hot wallets

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OKX launched a stand-alone app that lets users convert more than 50 local currencies into U.S. dollar-backed stablecoins

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Tether announced it had participated in EFY Finance's seed funding round

RedotPay raised $194 million in 2025 equity funding, with backing from investors including Goodwater Capital, Pantera Capital, Blockchain Capital, and investment arms of Coinbase and Circle.

Predicate CEO Nikhil Raghuveera stated that Predicate helps digital asset issuers enforce compliance rules when assets trade outside internal systems.

Investment banks JPMorgan Chase, Goldman Sachs, Jefferies, and Barclays are advising RedotPay on its proposed U.S. initial public offering.

RedotPay recorded revenue growth of more than 50% for the first three quarters of 2026 compared to the same period in 2025, alongside operating profit margins exceeding 50%.

Founded in 2023, RedotPay serves over 9 million customers and employs approximately 280 people worldwide while issuing physical and virtual cards for stablecoin transactions.

RedotPay has not publicly finalized or announced a listing venue, share price, offering size, or target trading date for its proposed U.S. initial public offering.

RedotPay is discussing a pre-IPO funding round with investors that would value the cryptocurrency payment company between $4 billion and $5 billion.

RedotPay denied Binance's allegations of misusing confidential information and stated in August 2026 that the ongoing litigation would not disrupt its operations or public listing preparations.

Hong Kong-based crypto payments company RedotPay is considering submitting a confidential U.S. initial public offering regulatory filing by the end of 2026.