RedotPay Secures $107M to Boost Stablecoin Use and Global Expansion

RedotPay Secures $107 Million in Series B Funding

RedotPay closed a $107 million Series B funding round led by Goodwater Capital, with participation from Pantera Capital, Blockchain Capital, Circle Ventures, and previous investors.
The Hong Kong-based fintech firm has raised nearly $200 million in total, achieving a $1 billion valuation after recent funding rounds.
CEO Michael Gao highlighted the company's focus on expanding stablecoin-powered financial services and plans to accelerate product innovation and global reach.

Stablecoin Industry Growth in 2025

The stablecoin market reached a record market capitalization of $310 billion, surpassing major corporations like Coca Cola.
Despite downturns in broader cryptocurrency markets, stablecoins have shown a growth rate of 50.95% since January 2025.
Significant industry developments include SBI Holdings launching a yen-denominated stablecoin and Visa's introduction of stablecoin settlements using USDC.