Hong Kong-based stablecoin payment firm RedotPay has completed an independent financial audit as a mandatory requirement for an initial public offering (IPO) on a US stock exchange. Alongside this process, the company completed a separate compliance evaluation focused specifically on anti-money laundering (AML) and counter-financing of terrorism (CFT) control systems. The entire review was handled by a Big Four accounting firm.
The completion of the audit phase indicates that RedotPay’s plans to list on a US stock exchange continue to move forward. In its upcoming initial public offering, the crypto entity is targeting a valuation exceeding $5 billion.
Dismissing Schedule Delay Rumors
News of the completed evaluation also responds to earlier market speculation. Last August, a Bloomberg report claimed that RedotPay’s IPO plans were delayed until at least 2027, citing regulatory and legal issues as primary hurdles stalling the company’s path to public markets.
A RedotPay spokesperson stressed that there has never been any delay to the IPO schedule since the process began. The company stated that it continues to actively coordinate with underwriting partners to fulfill listing prerequisites.
User Base and Record Transactions
The $5 billion valuation target set by RedotPay is supported by its retail user base. As of July 2026, the company had gathered 8.5 million users worldwide. These users use stablecoin-powered physical Visa payment cards to bridge everyday retail spending and facilitate cross-border remittances.
This adoption rate aligns with surging activity across its payment network. RedotPay’s transaction volume reached an all-time high in the second quarter of 2026. Alongside the jump in transactions, the company posted operating margins exceeding 50%.
RedotPay’s next test hinges on regulatory approval in the US. The success of this public listing will ultimately determine whether a stablecoin card issuing entity can operate smoothly in traditional capital markets without tripping over compliance boundaries.
Reported via CoinDesk.
Also read: How to Read Candlesticks for Beginners
Also read: $5 Billion Proposal to the CFTC: OG.com Brings 24-Hour Crypto Trading Style to US Stocks
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
